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- Tok-Edge has unveiled the Redemption Token, a new cryptoasset structure tied to redemptions in its upcoming fund.
- The firm also confirmed a $15 million valuation after raising about $1.5 million and said its launch fund will be capped at $21 million.
Tok-Edge has stepped out publicly with a new fund structure that tries to separate tradability from ownership, a distinction crypto firms have talked around for years but rarely packaged this directly.
The London-based digital assets firm said it has launched what it calls the Redemption Token, a new cryptoasset category that will sit at the centre of its first fund. At the same time, the company confirmed a $15 million valuation after raising roughly $1.5 million from Marcus Meijer, founder of a $10 billion AUM fund, along with a broader investor syndicate.
A token that trades, while the fund share holds ownership
The Redemption Token is designed to be issued to fund investors and required for the redemption of fund shares at net asset value. Tok-Edge says the legal ownership and economic rights remain attached to the fund shares themselves, while the token can circulate independently on public blockchains, including Ethereum.
That is the core of the model. The token is meant to move permissionlessly, trade on exchanges and potentially be used in DeFi protocols, while the regulated fund framework continues to hold the actual ownership mechanics.
Tok-Edge is effectively trying to create a structure where secondary market price discovery can happen without collapsing the legal architecture of the fund into the token itself.
The first Tok-Edge product to use the structure will be an actively managed fund focused on liquid crypto assets and decentralized finance strategies. The firm said expected returns would come from directional exposure as well as yield-generating activities such as staking and liquidity provision.
A $21 million launch target before a wider institutional raise
Tok-Edge said its launch fund will be capped at $21 million, timed to coincide with its token generation event. For every dollar committed at launch, one Redemption Token will be issued. Investor allocations are expected to be finalized in the coming months, while the firm targets a $100 million first close later in 2026.
Meijer and his syndicate are expected to anchor the fund with up to $10 million as Tok-Edge begins raising from family offices, venture investors and crypto-native funds.
The company also leaned heavily on pedigree. It said its leadership draws on experience from institutions including CVC Capital, Bain Capital, KKR, BCG, Tufa and GoCoin, representing a combined background across roughly $950 billion in assets under management.
coindesk.com
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