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Tenbin is excited to announce a $7.1M seed round led by @galaxyhq to tackle the broken tokenization space of today.
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Tenbin Labs
140 posts
Tenbin Labs
@tenbinlabs
TradFi liquidity with DeFi utility.
Global markets, tokenized on-chain.
Joined May 2025
- Excited to have tGLD market go live on @euler curated by @jpegtrading! You can now borrow USDC against tGLD! With the Euler market, this enables our first Gold leasing vault with tGLD, leveraging @AccountableData. More on this coming soon!
00:00Curation is one of the most important, and most overlooked, functions in DeFi. Today, JPEG Trading is launching our RWA curation business, beginning with tGLD vaults on @eulerfinance in partnership with @tenbinlabs and supported by @merkl_xyz. Our model is simple: diligence + - History of Mexican Peso: 1954 - pegged at 12.5 1976 - the peg is lifted 1994 - Tequila crisis 2020 - pandemic low 2022 - "super peso" is born out of historic strength vs USD 2025 - strongest year for the peso against USD with ~7% native yield Onchain world will grow beyond USD
- tGLD delivers gold exposure with atomic minting and redemption, 11 bps round-trip pricing, and a 24/7 USDC exit. No more T+1 settlement & multi-day processing. Truly programmable gold, built for onchain markets. Now watch what becomes possible when gold is this liquid...;)
- BRL-USD & MXN-USD carry trades have long been among the most sought-after opportunities in global FX. Over the past 10 years, compounding local risk-free rates in BRL and MXN outperformed the USD equivalent. Soon, BRL & MXN carry comes on-chain: liquid and powered by Tenbin.
- Happy Friday! Good time to be building macro assets. Here is a recap of the week:
- FX currencies, Gold, Silver, Commodities... the world of assets are moving on-chain. But the legacy design force a difficult tradeoff between Price Efficiency, Liquidity, or Yield. Tenbin will change that, one asset at a time.
- Non-USD assets and FX carry have not scaled on-chain. The issue is not yield. It is exit liquidity. This chart shows the current liquidity landscape for tokenized FX: USDC depth, redemption speed, and whether a $100k exit can clear on-chain without becoming the market.
For non-USD tokenized assets, getting the yield on-chain is the easy part. Getting the liquidity on-chain is the hard part. Until liquidity is fast, deep, and boring, on-chain FX carry remains niche, with limited access and exit. Tenbin will change that. - Crypto market keeps trying to repackage USD rates, then move further out the private-credit risk curve for extra yield. Meanwhile, BRL & MXN carry is straightforward and often overlooked. Brazil Selic: 14.50% Banxico: 6.50% Fed upper bound: 3.75%
Replying to @tenbinlabsOn the bond rating side, Mexico: Baa3, ~9.35% 10Y Brazil: Ba1, ~14.15% 10Y For one of the most liquid currency (besides G7), the yield + rating + FX performance mix is worth paying more attention to.
