Tokenized Gold and DeFi Innovator Tenbin Raises $7 Million

Tokenized Gold and DeFi Platform Tenbin Secures $7 Million in Funding

Tenbin, a platform focused on tokenized gold and decentralized finance (DeFi) solutions, has announced the completion of a $7 million funding round.

• Galaxy Ventures led the investment round.
• Wintermute Ventures, GSR, and FalconX also participated in the funding.

The funds will support Tenbin's launch of its tokenized gold product and the development of high-yield forex tokens linked to currencies like the Brazilian real and Mexican peso later this year.

Innovative Financial Products for DeFi Users

Designed to meet the needs of DeFi users seeking alternatives to USD stablecoins, the platform aims to provide digital asset options tied to real-world assets.

Using blockchain technology, Tenbin is committed to building a more efficient and transparent financial ecosystem, advancing the digital transformation of traditional gold and foreign exchange markets.