Today we're announcing @Tok_edge - out of stealth with a $15M valuation, raising $21M at TGE with a $100M first close target.
Institutional demand for digital assets is validated with @BlackRock 's Bitcoin ETF and @Strategy's digital asset treasury. But these are single asset products restricted to traditional finance rails – they don't touch DeFi, where capital markets are being rebuilt on-chain with 24-hour settlement, no centralised intermediaries and programmable infrastructure.
We established @Tok_edge to bring institutional capital on-chain - as active participants. We maintain the structure and governance that institutional investors expect - while our new Redemption Token operates on public blockchains, designed to integrate with exchanges and DeFi protocols. Our approach is to make digital assets investable through a structure interoperable between traditional and decentralised finance.
Links in comments.
Contact: [email protected]
stablecoins were the last time crypto really created a new category with an actual defined function.. and that was years ago.
@Tok_edge put out a whitepaper arguing they've found the next one. they're calling it the Redemption Token.
the idea is basically,
most tokens try to do two things at once.
they want to trade freely on public chains, but they also want to reference some real underlying capital.
those two goals usually fight each other, and Tok-Edge calls that the "duality problem."
their answer is a token that works like a key. it carries no ownership, no governance, no economic rights on its own..
it just has to be delivered and burned as the condition for redeeming capital.
and because it carries no rights, it can trade permissionlessly on public blockchains while still referencing on-chain value.
that combination is the part nobody's really pulled off before.
the first product using it is the Tok-Edge Fund, an institutional crypto hedge fund targeting a $100M first close later this year.
investors get airdropped the tokens alongside fund shares, and redeeming those shares means returning and burning the tokens.
their CIO framed it as the MicroStrategy playbook.. pioneer the category, then own the market you created.
whether it actually plays out that way is a separate question. but honestly it's the first genuinely new token design i've read in a while that isn't just a wrapper on an old idea.
whitepaper's here if you want to go deep → https://t.co/Q6nKyR040c
Revealing a new category of cryptoasset by @Tok_edge.
The duality problem: no token has ever been both permissionless AND with a functional reference value.
Until now. The Redemption Token solves both.
Welcome to DeFi 3.0.
Whitepaper live 👇
what does institutional defi actually look like? raees of tok edge: blockchain-native assets, tradfi-grade custody.
@RaeesChowdhury of @Tok_edge on the new ep of boys club live
LIVE NOW
Tune in to @BoysClubWorld now to listen to @Tok_Edge Co-Founder, @RaeesChowdhury.
First conversation on what we've been building at @Tok_Edge - the thesis, the structure, and what's shipping next.
Boys Club LIVE: Everlane sells to Shein, Waymo, Anthropic Win, Peptides & more! With guest @RaeesChowdhury of @Tok_edge | Shoutout to our sponsors @0xPolygon & @vercel https://t.co/CRohCjfFfA
What is @Tok_edge?
What are Redemption Tokens?
We go live with @BoysClubWorld tomorrow to break down the build, the thesis, and what's shipping next.
12PM EST. Wednesday.
Drop your questions below. We'll bring them on air 👇