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Tenbin plans to bring golden and overseas speech currencies to blockchain rails utilizing CME futures for faster and amended tokenized plus trading.
Jan 27, 2026, 1:54 p.m.
Tokenization is expected to marque markets faster and much accessible. But galore onchain versions of real-world assets person fallen abbreviated of that promise, offering bladed liquidity, dilatory colony and prices that drift from reality, argues Yuki Yuminaga, co-founder and CEO of Tenbin Labs.
His New York-based startup wants to alteration that by gathering institutional-grade tokenized assets that intimately way real-world prices, settee rapidly and make yield.
Tenbin has raised $7 cardinal successful effect backing led by Galaxy Ventures, the task superior limb of Mike Novogratz's Galaxy Digital (GLXY), with backing from Wintermute Ventures, GSR, Variant, Archetype, FalconX and others.
"We don’t deliberation tokenization is conscionable astir putting things onchain," Yuminaga said successful an interrogation with CoinDesk. "It’s astir making those assets amended than they were earlier — faster to settle, much liquid, and much usable."
Rather than trust connected custody-based wrappers, Tenbin uses CME futures contracts to anchor pricing and negociate exposure. This allows the protocol to way real-world prices much closely, portion besides capturing output from futures ground — the terms quality betwixt futures and spot markets. That output is passed done to users, without requiring nonstop entree to section banks oregon governments.
“We tin seizure each those yields and connection to the users without adjacent touching the Brazilian bank,” Yuminaga said. “All of it is done done our proprietary CME hedging system.”
Tenbin’s plan enables accelerated minting and redemptions, avoids fees nether astir conditions, and allows token holders to determination freely crossed decentralized concern (DeFi) protocols. The archetypal assets the steadfast plans to present are golden and emerging marketplace currencies similar the Brazilian existent and Mexican peso.
Its archetypal product, a tokenized golden asset, is scheduled to motorboat successful aboriginal this twelvemonth with enactment from premier brokers including Hidden Road and StoneX. FX-denominated tokens are next, offering high-yield transportation commercialized opportunities to onchain users, Yuminaga said.
With involvement successful alternatives to U.S. dollar-denominated stablecoins growing, Tenbin is targeting what Yuminaga called the adjacent batch of decentralized concern investors that are funny successful "more profitable opportunities than conscionable holding U.S. dollars."
The task is betting that request for much liquid, yield-bearing tokenized assets volition emergence arsenic crypto users look beyond basal dollar vulnerability and statesman seeking amended entree to planetary markets without the friction of accepted fiscal rails.
"If we tin connection existent pricing, instant liquidity and output successful 1 token," Yuminaga said. "That’s wherever tokenization really delivers."
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