- Tok-Edge has unveiled the Redemption Token, a new crypto-asset structure tied to redemptions in its upcoming fund.
- The company also confirmed its $15 million valuation after raising about $1.5 million, and said its launch fund would be capped at $21 million.
Tok-Edge has come out publicly with a new fund structure that attempts to separate tradability from ownership, a distinction that cryptocurrency companies have talked about for years but have rarely made directly.
The London-based digital assets company said it has launched what it calls Redemption Token, a new class of crypto assets that will be at the heart of its first fund. Meanwhile, the company confirmed its $15 million valuation after raising nearly $1.5 million from Markus Meijer, founder of the $10 billion assets under management fund, along with a broader group of investors.
A token is traded, while the fund owns a share of ownership
The redemption token is designed to be issued to funding investors and is required to redeem Fund shares at net asset value. Legal ownership and economic rights remain tied to the fund shares themselves, while the token can be independently traded to the public, Tok-Edge says. Block chainsincluded Ethereum.
This is the essence of the model. The token is intended to move without permission, trade on exchanges and possibly be used in… DeFi protocolswhile the regulated fund framework continues to retain actual ownership mechanisms.
Tok-Edge is effectively trying to create a structure through which secondary market prices can be discovered 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 finance strategies. The company said that the expected returns will come from directional exposure as well as return-generating activities such as providing cash and providing liquidity.
Launch target of $21 million before a broader institutional raise
Tok-Edge said its launch fund has a cap of $21 million, which is timed to coincide with the token generation event. For every $1 committed at launch, one redemption code will be issued. Investor allocations are expected to be finalized in the coming months, while the company is targeting an initial close of $100 million later in 2026.
Meijer and his syndicate are expected to anchor the fund at up to $10 million as Tok-Edge begins raising money from family offices, venture investors and native cryptocurrency funds.
The company also relied heavily on ratios. It said its leadership draws on the experience of institutions including CVC Capital, Bain Capital, KKR, BCG, Tufa and GoCoin, representing a common background across nearly $950 billion in assets under management.
