Performances
Comparison
Details
This content is generated by RD AI and is for reference only
Tenbin is an asset tokenization protocol that brings real-world assets (RWA) such as gold and FX onto the blockchain as yield-bearing tokens. It maintains a 1:1 peg to the underlying asset through a combination of on-chain stablecoin collateral and off-chain futures hedging, distributing collateral yield and hedge carry to holders.
Fundraising
Follow Updates
Follow Lists
People
About Tenbin
Tenbin is an on-chain tokenization protocol that creates liquid, yield-bearing tokens for real-world assets like gold and emerging-market currencies. Its core mechanism uses USD stablecoins as collateral, which are held on-chain for transparency and instant redemption, while the actual asset exposure is hedged through traditional futures markets such as the CME. This hybrid design allows users to mint and redeem tokens 24/7, with settlement occurring within three Ethereum blocks.
The key innovation lies in its operational model: instead of relying on thin on-chain order books, Tenbin anchors pricing and liquidity to deep traditional futures markets. This solves the persistent problems of fragmented liquidity and high price slippage seen in other tokenized assets. The protocol also optimizes capital efficiency by allocating most collateral to low-risk yield strategies, while keeping a smaller portion off-chain for margin requirements, generating additional returns for token holders.
Market pain points addressed include the lack of deep liquidity in existing RWA tokens, slow and costly minting/redemption processes, and the operational friction of managing multiple issuance entities across jurisdictions. Tenbin streamlines this with a unified framework, enabling efficient trading of assets that were previously difficult to access on-chain.
In the past six months, Tenbin has advanced its product development, with its first tokenized gold product planned for launch in early 2026. The protocol has also published comprehensive documentation detailing its minting, hedging, and yield generation flows, signaling progress toward mainnet deployment. While no major negative events were reported, the project remains subject to regulatory uncertainties common in the tokenization space.
Tenbin Labs completed a $7 million seed round in January 2026, led by Galaxy Ventures with participation from Wintermute Ventures, FalconX, GSR, among others, establishing its capital foundation. Concurrently, it announced the deprecation of LayerZero and a full migration to Chainlink CCIP as its exclusive cross-chain infrastructure to enhance asset security and interoperability — a pivotal architectural decision. The company plans to launch its first yield-bearing tokenized gold (tGLD) in early 2026, achieving ~30-second minting and redemption through partnerships with prime brokers including Hidden Road and Ripple Prime, marking the start of productization. The roadmap extends to global FX (BRL, MXN, JPY, etc.), commodities, and energy products, aiming to build a comprehensive tokenization platform bridging traditional financial markets and the on-chain ecosystem. These milestones collectively outline Tenbin's trajectory from fundraising and technology upgrades to product deployment.
In the past six months (March–September 2026), Tenbin made major strategic moves. It officially deprecated LayerZero and migrated all tokenized assets (tGLD, tMXN, tBRL) to Chainlink CCIP as its exclusive cross-chain infrastructure, citing security concerns and CCIP's institutional-grade features (16 node operators, SOC 2 Type 2, built-in risk controls). The company also secured a $7M seed round led by Galaxy Digital, with support from Hidden Road and StoneX. Tenbin's roadmap focuses on launching tokenized gold (tGLD) in early 2026, followed by high-yield FX tokens pegged to BRL, MXN, and other emerging market currencies. The protocol uses CME futures for hedging and on-chain stablecoin collateral for yield generation, enabling 24/7 redemptions within 3 Ethereum blocks. Future development priorities include scaling the multi-asset issuance framework, expanding to more currencies and commodities, and achieving near-zero marginal issuance costs while maintaining 1:1 collateralization.
Yuki Yuminaga (Co-founder)
Background: Previously founded Byto, served as chief researcher at Fenbushi Capital, and worked at Celestia Labs. Holds a degree from the University of Chicago. Currently leads Tenbin Labs, focusing on tokenized asset infrastructure.