Tenbin Labs has raised US$7mn to build a tokenisation protocol, designed to connect on-chain assets directly with global derivatives infrastructure, starting with commodities and FX.

Tenbin Labs said it has closed a US$7mn seed round led by Galaxy Ventures, with participation from Wintermute Ventures, FalconX, GSR, Nascent, Variant, Archetype and Bankless Ventures. The funding will support the development of its asset tokenisation protocol The funding will support the development of its asset tokenisation protocol, which aims to make tokenised assets trade and settle more efficiently by linking them directly to traditional derivatives markets, rather than treating them a