London-based Tok-Edge unveils Redemption Token as firm reaches $15M valuation
Crypto Briefing
London-based crypto hedge fund Tok-Edge has launched the Redemption Token and announced a $15 million company valuation.Summary
Tok-Edge, a London-based crypto hedge fund, has officially launched its proprietary Redemption Token, a new asset class designed to provide liquidity and on-chain functionality for fund shares. The firm, which recently emerged from stealth mode with a $15 million valuation, uses a mint-and-burn mechanism to allow investors to trade fund shares on blockchain networks while maintaining regulatory compliance. Backed by key investors including Marcus Meijer, the company aims to merge traditional institutional finance practices with decentralized finance protocols.
(Source：Crypto Briefing)