London-based digital assets firm Tok-Edge has publicly launched its innovative Redemption Token model and confirmed a $15 million valuation. The announcement on April 7, 2026, marks the company's emergence from stealth mode ahead of institutional fundraising. The firm raised approximately $1.5 million in its pre-launch phase at this valuation.
The core innovation is the Redemption Token, a tradable cryptoasset designed to function as a requirement for redeeming shares in a Tok-Edge fund at net asset value (NAV). Crucially, the token itself does not represent legal ownership or economic rights in the fund; those remain embedded in traditional fund shares. This separation allows the Redemption Token to circulate independently on public blockchains like Ethereum, enabling permissionless transfer, trading on secondary markets, and potential use in DeFi protocols, while the fund itself operates within a regulated structure.
The first product to implement this model will be an actively managed fund focused on liquid crypto assets and decentralized finance (DeFi) opportunities. The fund's strategy aims for returns from directional positions in digital assets as well as yield-generating activities like staking and liquidity provision.
The launch fund is capped at $21 million, aligned with its token generation event, where each dollar committed will correspond to the issuance of one Redemption Token. Tok-Edge has secured significant investor backing, with Marcus Meijer—founder of a fund managing roughly $10 billion in assets—and a syndicate expected to anchor the new fund with up to $10 million. The firm is now targeting a broader institutional raise, with a $100 million first close targeted for later in 2026.
Tok-Edge positions the Redemption Token as a bridge between traditional finance and blockchain infrastructure, arguing it could expand institutional participation. The company's leadership team boasts experience from firms like CVC Capital, Bain Capital, KKR, and BCG, representing a combined background in managing over $950 billion in assets.
