Asset tokenization startup Tenbin Labs has completed a $7 million seed round financing, led by Galaxy Ventures

According to CoinDesk, asset tokenization startup Tenbin Labs has completed a $7 million seed round financing, led by Galaxy Ventures, with participation from Wintermute Ventures, GSR, FalconX, and others.

Tenbin plans to launch its first tokenized gold product earlier this year, followed by high-yield foreign exchange tokens pegged to emerging market currencies such as the Brazilian real and the Mexican peso, targeting DeFi users seeking alternatives to dollar stablecoins.