Tenbin's legal structure is designed around issuing reference-asset-denominated obligations and managing the related market exposure through institutional hedging arrangements. As reflected in counsel's proposed language, Tenbin tokenizes traditional asset exposure by issuing asset-denominated debt obligations and hedging the price risk created by that issuance through global institutional futures markets such as the Chicago Mercantile Exchange (CME), one of the deepest and most liquid venues for FX and commodities.

Tenbin's asset-holding structure is designed to be bankruptcy-remote. The structure is intended to segregate assets and related obligations from Tenbin Labs' operating company activities, helping ensure that assets supporting Tenbin Assets are held through a dedicated structure established for the benefit of the relevant asset program and its users.

Tenbin Assets are not available in all jurisdictions, including the United States. See our Terms of Use for additional details.