Digital assets firm Tok-Edge has launched a new “Redemption Token” to be used with its inaugural crypto fund. The company, valued at $15 million, raised $1.5 million from investor Marcus Meijer and is targeting a $100 million first close for the fund in 2026.
Tok-Edge has publicly unveiled the Redemption Token, a novel category of cryptoasset. The token will be first used with the launch of the firm’s new actively managed fund.
The company recently emerged from stealth and raised approximately $1.5 million. This investment came at a $15 million valuation from Marcus Meijer, an experienced GP investor.
Meijer and a syndicate are expected to anchor the new fund with up to $10 million. The firm is raising from institutional allocators including family offices and crypto-native funds.
The Redemption Token is issued to fund investors and required to redeem fund shares at net asset value. It can circulate independently on public blockchains like Ethereum while economic rights remain in the fund shares.
This structure allows the tokens to trade on exchanges and be used in decentralized finance protocols. It is designed to unlock new opportunities while preserving redemption mechanics within a regulated framework.
The fund will deploy a strategy across liquid crypto assets and decentralized finance. Returns are expected from directional exposure and yield from strategies like staking.
“Tok-Edge was founded to bring institutional-grade products to crypto markets, built around the openness and technological advantages of blockchain networks,” said Raees Chowdhury, CIO of Tok-Edge. “The Redemption Token is a new cryptoasset that acts as a key for fund investors to redeem their capital and can be traded freely in the secondary market for price discovery.”
Eric Benz, former CEO of Changelly and a Board Advisor, added support for the model. “The Redemption Token model introduces an architecture that separates the tradable asset from the legal instrument that represents ownership,” he stated.
Tok-Edge is capping its fund at $21 million at launch, coinciding with its token generation event. Each dollar committed is mirrored by the issuance of one Redemption Token.
Investor allocations for launch are expected to be finalized in the coming months. The fund ultimately targets a $100 million first close later in 2026.
