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CoinVoice has learned that, according to CoinDesk, the asset tokenization startup Tenbin Labs has completed a $7 million seed round funding, led by Galaxy Ventures with participation from Wintermute Ventures, GSR, FalconX, and others.
Tenbin plans to launch its first tokenized gold product earlier this year, followed by high-yield foreign exchange tokens linked to emerging market currencies such as the Brazilian Real and the Mexican Peso. The target users are DeFi users seeking alternatives to USD stablecoins.