Tenbin Labs
Tenbin Labs is a New York-based startup building a tokenization protocol that issues yield-bearing on-chain representations of real-world assets (gold, FX) backed by CME futures, targeting institutional market makers, prime brokers, and DeFi users.
- Company typePrivate
- Founded2025
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Tenbin Labs does
Tenbin Labs is a New York-based, venture-backed startup building a tokenization protocol that issues yield-bearing on-chain representations of real-world assets, beginning with gold, Mexican peso (tMXN), and Brazilian real (tBRL). The company's core technology connects tokenized assets to CME futures markets for price discovery and deep liquidity, and uses Chainlink's Cross-Chain Interoperability Protocol (CCIP) for multi-chain distribution after migrating from LayerZero in May 2026. Key product features include 30-second minting and 12-second redemption, sub-3bps spreads, zero fees on minting and redemption, proof-of-reserve verification, and SOC 2 Type 2 attestation (inherited from CCIP) with smart-contract audits by Spearbit, Verilog, and Fuzzland.
The protocol's flagship product is tGLD, a tokenized gold asset backed by CME gold futures, distributed through prime brokers Hidden Road and Ripple Prime and integrated with DeFi venues including Uniswap and Euler (via JPEG Trading's tGLD-collateralized vaults). Tenbin Labs generates revenue through a 0.25% transaction fee and spread on tokenized asset trading, with minting and redemption offered free of charge to drive adoption. The go-to-market is product-led through a self-serve application interface targeting institutional participants (market makers, prime brokers, trading firms) and DeFi users seeking TradFi liquidity with on-chain utility.
The company raised a $7 million seed round in January 2026 led by Galaxy Ventures, with participation from Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype, Bankless Ventures, and JPEG Trading. The team is small (1-10 employees) and the company is in early commercial launch, with placeholder TVL and user metrics on its website and only one named institutional counterparty (JPEG Trading) disclosed to date. Jake Lang is identified as CTO and co-founder; other leadership is not disclosed in available sources.
Tenbin Labs firmographics
Firmographics- Name
- Tenbin Labs
- Legal name
- Tenbin Labs
- Website
- https://tenbinlabs.xyz
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Tenbin Labs is a New York-based startup building a tokenization protocol that issues yield-bearing on-chain representations of real-world assets (gold, FX) backed by CME futures, targeting institutional market makers, prime brokers, and DeFi users.
- Ownership category
- akta.pro rank
Tenbin Labs industry classification
Industry- Product category
- Tokenized Real-World Asset Infrastructure
- NAICS
- Commodity Contracts Intermediation (52316)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)
- akta.pro secondary industries
- Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management) (FSAPAEAJ), Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ), Tokenized Collateral & On-Chain Credit Infrastructure (Collateral Mgmt, Liquidations) (FSAGAMAK)
Keywords
Where Tenbin Labs is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Tenbin Labs business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Tokenization fees: Revenue generated from tokenization of real-world assets including gold, FX, and commodities. Fee structure includes 0.25% fees and spread charges for minting/redemption and trading transactions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Standard tokenization service |
| Transaction based/ take rate | Pay-as-you-go | Minting and redemption |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Tenbin Labs product offering
Product offeringCore offering
Tenbin Labs operates a tokenization protocol that issues yield-bearing, on-chain representations of real-world assets — including tokenized gold (tGLD), tokenized Mexican peso (tMXN), and tokenized Brazilian real (tBRL) — backed by CME futures markets. The protocol delivers 30-second minting, 12-second redemption, 24/7 liquidity, and multi-chain distribution via Chainlink CCIP, charging 0.25% transaction fees with sub-3bps spreads and zero minting/redemption fees. It is distributed through prime brokers (Hidden Road, Ripple Prime) and on Uniswap, targeting institutional market makers and DeFi users.
Product overview
Tenbin Labs operates as a next-generation tokenization protocol that connects real-world assets to on-chain infrastructure with TradFi liquidity and DeFi utility. The core product is the Tenbin Tokenization Protocol, which enables institutional-scale settlement and deep liquidity for tokenized assets. The primary offering is tGLD (tokenized gold), a yield-bearing product backed by CME gold futures that offers 12-second redemption, zero minting/redemption fees, and sub-3bps spread. The protocol expanded to include tMXN and tBRL tokenized currency exposures, with plans for broader commodities. The infrastructure provides 24/7 liquidity and fast settlement capabilities, integrating with prime brokers Hidden Road and Ripple Prime for institutional-grade operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Tenbin Tokenization Protocol
Quantifiable outcome
- 12-second redemption vs 24-hour traditional settlement
- +4 more outcomes
Companies that use Tenbin Labs
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Tenbin Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Tenbin Labs partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core.
- ChainlinkcoreTenbin Labs migrated from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP) as exclusive bridging infrastructure. CCIP provides 16 independent node operators per bridge lane and SOC 2 Type 2 attestation for secure multi-chain distribution.
- Hidden RoadcoreHidden Road serves as prime broker for Tenbin Labs. The partnership provides institutional-grade prime brokerage services for tokenized asset operations.
- Ripple PrimecoreRipple Prime serves as prime broker for Tenbin Labs. The partnership enables institutional access to tokenized assets through Ripple's infrastructure.
- JPEG TradingcoreJPEG Trading launched asset curation business using Tenbin Labs' tGLD (tokenized gold backed by CME gold futures) on Euler's platform. JPEG Trading commits its balance sheet to underwrite curated assets.
- SpearbitcoreSpearbit conducted smart contract security audits for Tenbin Labs' tokenization protocol.
- VerilogcoreVerilog conducted smart contract security audits for Tenbin Labs' tokenization protocol.
- FuzzlandcoreFuzzland conducted smart contract security audits for Tenbin Labs' tokenization protocol.
- CME GroupcoreTenbin Labs connects to CME futures markets for deeper liquidity and price discovery for tokenized assets including gold, FX, and commodities.
Scale indicators7 records
Recent moves5 records
Expansion highlights4 records
Tenbin Labs competitors and assessment
Company assessmentEmerging players
- Pendle Finance: Pendle enables yield trading on yield-bearing assets including tokenized RWAs. Tenbin's yield-bearing tGLD could become a Pendle underlying, making Pendle both a potential distribution channel and a comparable yield-RWA primitive.
- Maple Finance: Maple Finance is an institutional on-chain credit market that uses RWA collateral. Tenbin's tGLD being used as collateral on Euler mirrors the dynamic where Maple operates in adjacent DeFi credit infrastructure with comparable institutional focus.
- Euler Labs: Euler is the modular lending platform on which JPEG Trading launched vaults using Tenbin's tGLD as collateral. Euler is a direct DeFi customer/distribution channel for Tenbin tokenized assets and an emerging institutional DeFi credit venue.
- Goldfinch Finance: Goldfinch is a decentralized credit protocol focused on real-world lending. It shares with Tenbin the broader RWA-on-chain thesis but is centered on private credit rather than tokenized commodities or FX.
Direct peers
- Tether Gold (XAUT): Tether Gold (XAUT) is another major ERC-20 tokenized gold offering competing directly with tGLD for on-chain gold demand. Both target users seeking tokenized precious metal exposure; Tenbin differentiates via yield generation and DeFi composability.
- Ondo Finance: Ondo Finance is a leading institutional RWA tokenization platform offering tokenized treasuries and other yield-bearing products. Like Tenbin, Ondo bridges TradFi yield sources to on-chain users and serves DeFi as a comparable go-to-market motion.
- Centrifuge: Centrifuge is an RWA tokenization protocol focused on real-world credit and receivables. Both Tenbin and Centrifuge operate tokenization infrastructure serving DeFi composability, though Centrifuge focuses on private credit vs. Tenbin's commodities/FX focus.
- Paxos (PAXG): Paxos Gold (PAXG) is the largest tokenized gold product and the most direct competitor to Tenbin's tGLD. Both offer regulated, on-chain gold exposure; Tenbin differentiates via CME-futures-backed yield and faster settlement.
Broad incumbents
- Matrixport: Matrixport is an institutional crypto financial services platform with significant derivatives exposure and product offerings overlapping tokenized commodities/credit. It represents a broader institutional incumbent that could compete or partner with Tenbin.
- Securitize: Securitize is a larger, regulated RWA tokenization platform offering broader asset classes including private credit, equities, and funds. While less specialized than Tenbin in commodities/FX, it represents the institutional incumbent in tokenization rails.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Tenbin Labs social profiles
Digital presenceTenbin Labs compliance and trust
Trust signalCompliance2 records
Tenbin Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tenbin Labs leadership team
Management profileNumber of profiles
Profiles1 record
Tenbin Labs funding detail
Funding detailFunding overview
Funding rounds1 record
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tenbin Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tenbin Labs
What does Tenbin Labs do?
Tenbin Labs operates a tokenization protocol that issues yield-bearing, on-chain representations of real-world assets — including tokenized gold (tGLD), tokenized Mexican peso (tMXN), and tokenized Brazilian real (tBRL) — backed by CME futures markets. The protocol delivers 30-second minting, 12-second redemption, 24/7 liquidity, and multi-chain distribution via Chainlink CCIP, charging 0.25% transaction fees with sub-3bps spreads and zero minting/redemption fees. It is distributed through prime brokers (Hidden Road, Ripple Prime) and on Uniswap, targeting institutional market makers and DeFi users.
Is Tenbin Labs a public or private company?
Tenbin Labs is a private company. It is classified as venture growth investor backed and is currently operating.
When was Tenbin Labs founded?
Tenbin Labs was founded in 2025. It employs 1 to 10 people.
Where is Tenbin Labs based?
Tenbin Labs is headquartered in New York, United States, in the North America region.
How does Tenbin Labs make money?
One revenue line is on record: tokenization fees.
Who are Tenbin Labs's main competitors?
Emerging players on record are Pendle Finance, Maple Finance, Euler Labs and Goldfinch Finance. Direct peers are Tether Gold (XAUT), Ondo Finance, Centrifuge and Paxos (PAXG). Broad incumbents are Matrixport and Securitize.
Does Tenbin Labs have an API?
No public API is recorded for Tenbin Labs.
What industry is Tenbin Labs in?
Tenbin Labs's product category is Tokenized Real-World Asset Infrastructure. Its primary akta.pro industry code is FSAPAIAC, RWA Tokenization Platforms (asset onboarding, structuring, issuance), with a secondary code of FSAPAEAJ, Tokenized Real-World Assets & On-Chain Treasuries (tokenized T-bills, money markets, cash management). Its NAICS code is 52316 and its SIC code is 6200.