- Tok-Edge has unveiled the Redemption Token, a new cryptoasset linked to redemption in its upcoming fund.
- The company confirmed the $15 million valuation after raising about $1.5 million and said its initial funding will be $21 million.
Tok-Edge has gone public with a new fund that attempts to separate trading from ownership, a distinction crypto companies have been talking about for years but rarely put it directly.
The London-based company said it has launched what it calls Redemption Token, a new cryptoasset group that will be at the center of its first fund. At the same time, the company confirmed the value of $ 15 million after raising about $ 1.5 million from Marcus Meijer, the founder of the AUM fund of $ 10 billion, and a large group of investors.
The token that trades, where the share of the fund has ownership
The Redemption Token is intended to be issued for the convenience of investors and the requirement to redeem shares of the fund at a nominal value. Tok-Edge says legal ownership and financial rights remain tied to the fund, while the token can move around in the community. blockchainsincluding Ethereum.
That is the basis of the model. The token is intended for unlicensed circulation, trading on exchanges and exploitation DeFi protocolswhile the managed fund system continues to have a real ownership mechanism.
Tok-Edge is trying to create a system where the discovery of secondary market value can be done without reducing the official management of the fund to a mere token.
Tok-Edge’s first product to use the system will be a managed fund that focuses on liquid crypto assets and investment strategies. The company said the expected return will come from transparency and productivity-enhancing services such as deposit and refund.
The goal of setting up $ 21 million before the general rule
Tok-Edge said its launch fund will be $21 million, timed to coincide with its token-making activities. For every dollar spent on activation, one Redemption Token will be awarded. The distribution of investors is expected to be completed in the coming months, while the company wants $ 100 million to close first in 2026.
Meijer and his team are expected to raise a $10 million fund as Tok-Edge begins raising funds from family offices, investors and crypto-native funds.
The company also leaned heavily on generations. It said that its leadership comes from the institutions that include CVC Capital, Bain Capital, KKR, BCG, Tufa and GoCoin, which represent a combined base of approximately $950 billion in assets under management.
