Hassan Maishera
Tok-Edge, a pioneering digital assets firm, has officially launched its innovative Redemption Token, a new cryptoasset category designed for use with its upcoming fund. The company has also confirmed its $15 million valuation.
In a press release shared with Cryptowisser, Tok-Edge recently emerged from stealth ahead of its fund launch. During that period, the firm raised approximately $1.5 million at a $15 million valuation from Marcus Meijer, an experienced GP investor and founder of a $10 billion AUM fund.
The team added that Meijer, along with a group of investors, is expected to anchor the fund with up to $10 million as Tok-Edge embarks on raising capital from institutional allocators, including family offices, venture investors, and crypto-native funds.
The firm, led by a team with vast experience from Tier-1 institutions such as CVC Capital, Bain Capital, KKR, BCG, Tufa, and GoCoin (collectively managing over $950 billion in AUM), is bringing institutional-grade products to the crypto space.
The Redemption Token sits at the center of Tok-Edge's model, a new cryptoasset designed to combine permissionless transferability with a defined function. Tokens are issued to fund investors and are required for redemption of fund shares at net asset value.
Ownership and economic rights remain embedded in the fund shares, while the Redemption Token can circulate independently on public blockchains, including Ethereum.
This structure allows the token to be traded on exchanges and used in decentralized finance (DeFi) protocols, creating new opportunities for holders and builders, all while maintaining the redemption mechanism within a regulated framework.
The firm’s debut fund, which is the first to use the Redemption Token model, will implement an actively managed strategy across liquid crypto assets and DeFi, with returns driven by both directional exposure to digital assets and yield from strategies like staking and liquidity provision.
Returns are expected from directional exposure to digital assets and yield generated through strategies such as staking and liquidity provision.
While commenting on this launch, Raees Chowdhury, CIO of Tok-Edge, said,
“Tok-Edge was founded to bring institutional-grade products to crypto markets, built around the openness and technological advantages of blockchain networks. 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, early investor, and Board Advisor to Tok-Edge, added,
“The Redemption Token model introduces an architecture that separates the tradable asset from the legal instrument that represents ownership. We are pleased to support Tok-Edge as it develops a structure that could broaden the institutional market for digital asset products.”
Tok-Edge is capping its fund at $21 million for its launch, coinciding with its token generation event. Each dollar invested in the fund will be matched with one Redemption Token. The fund is targeting a $100 million first close later in 2026.
Tok-Edge is a digital asset financial services firm building an institutional-grade hedge fund focused on liquid crypto assets and decentralized finance strategies. The company combines traditional finance practices with blockchain infrastructure and has created the Redemption Token, a new category of cryptoasset.
