Galaxy Ventures, a division of Galaxy Digital, has led a $7 million seed funding round for Tenbin Labs. Other participants in the round include Wintermute Ventures, GSR, and FalconX. Tenbin Labs plans to bring gold and foreign exchange onto the blockchain using CME futures, aiming to replace traditional custodial wrapping with futures pricing and basis yield. This approach promises faster settlement, lower costs, and yield transmission. The project will initially launch tokenized gold this year, followed by emerging market forex tokens such as the Brazilian Real and Mexican Peso, targeting DeFi users seeking alternatives to dollar stablecoins.