- Tok-Edge has announced Redemption Token, a new crypto asset structure tied to upcoming fund redemptions.
- The company also confirmed its $15 million valuation after raising about $1.5 million and said its startup funding would be capped at $21 million.
Tok-Edge has publicly launched a new fund structure that seeks to separate tradability and ownership. This distinction has been discussed by crypto companies for years, but they have rarely packaged it directly.
The London-based digital asset company has announced the launch of a new crypto asset category called Redemption Tokens, which will be the centerpiece of its first fund. At the same time, the company confirmed it had raised approximately $1.5 million from Marcus Meyer, founder of the $10 billion fund under management, and a broad syndicate of investors, giving it a valuation of $15 million.
A token in which shares of a fund are traded while retaining ownership.
Redemption Tokens are designed to be issued to provide capital to investors and are required to redeem Fund shares at their net asset value. According to Tok-Edge, legal ownership and economic rights will attach to the fund shares themselves, while the tokens can be circulated independently on public blockchains, including Ethereum.
That’s the core of the model. While this token can be moved around without permission, traded on exchanges, and used in DeFi protocols, the regulated fund framework is intended to retain real ownership mechanisms.
Tok-Edge is effectively creating a structure that allows for secondary market price discovery without collapsing the legal structure of the fund into the token itself.
The first Tok-Edge product to use this structure will be an actively managed fund focused on liquid crypto assets and decentralized financial strategies. The company said expected revenues will come from directional exposure as well as yield-generating activities such as staking and liquidity provision.
$21 million launch goal before broader institutional funding
Tok-Edge said its launch funding will be capped at $21 million and will be set in conjunction with the token generation event. One redemption token will be issued for every $1 committed at launch. Investor allocations are expected to be finalized in the coming months, but the company is targeting a first close of $100 million in the second half of 2026.
Meyer and his syndicate plan to lock up to $10 million into the fund as Tok-Edge begins raising capital from family offices, venture investors, and crypto-native funds.
The company also relied heavily on pedigree. The firm said its leadership draws on experience from institutions such as CVC Capital, Bain Capital, KKR, BCG, Tufa and GoCoin, with a combined background of approximately $950 billion in assets under management.
