Tenbin Labs announced it closed a $7 million Series A funding round on January 15, 2025, with Galaxy Ventures leading the investment. Other participants in the round included Wintermute Ventures, GSR, and FalconX, and the company says the funds will accelerate product development and compliance work ahead of its first product launch.
Funding Round Details
The Series A raised $7 million and was led by Galaxy Ventures, with Wintermute Ventures, GSR, and FalconX joining the round. Tenbin Labs says the capital is earmarked primarily for building the tokenization product and meeting regulatory requirements before market rollout.
Tokenized Gold Product
Tenbin plans to launch a tokenized gold product in early 2025 that issues digital tokens representing specific weights of physical gold bullion. Each token will correspond to gold held in insured vault storage, and the company highlights fractional ownership to make smaller positions accessible to a broader set of investors.
Security and Compliance
The platform uses a multi-layered security architecture that includes zero-knowledge proofs for privacy-sensitive operations and multi-signature wallets for custody of cryptographic keys. Physical gold reserves will undergo regular verification by independent auditors, with audit findings published on a public ledger to support transparency.
Market Context
The funding comes amid growing institutional interest in tokenized real-world assets, and Tenbin joins a field of firms experimenting with commodity and asset tokenization. This institutional momentum is visible in projects ranging from tokenized deposits to other RWA fundraises, including coverage of initiatives like tokenized deposits and the recent Halogen Capital raise, which illustrate wider market activity in the space.
Why this matters
For a miner operating in Russia with anywhere from a single rig up to a small farm, Tenbin’s announcement does not change mining operations directly, but it signals continued institutional interest in bridging physical assets and blockchain. That interest can increase the number of on-ramps and collateral options in crypto markets, potentially affecting liquidity and the range of assets you can use or hold within digital ecosystems.
What to do?
- Verify custody and audit practices: before interacting with tokenized gold, check that the provider publishes regular third-party audit reports and uses insured vaults.
- Confirm technical safeguards: ensure the platform supports multi-signature custody and transparent proof mechanisms if you plan to custody tokens yourself or use them as collateral.
- Check regulatory status locally: understand how tokenized assets are treated in your jurisdiction before buying, selling, or using them as collateral.
- Start small and monitor liquidity: if you decide to experiment, allocate a limited amount and confirm secondary market liquidity and withdrawal procedures.
