London-based crypto hedgefund Tok-Edge has introduced Redemption Token, a novel crypto asset category developed by the firm, which will be first implemented with its new fund. The company also disclosed a $15 million valuation.
Founded by professionals from both traditional finance and crypto, Tok-Edge recently came out of stealth after raising approximately $1.5 million from Marcus Meijer, an experienced GP investor and founder of a $10 billion AUM fund.
Meijer, along with a group of investors, is expected to anchor the fund with up to $10 million as Tok-Edge begins fundraising from institutional allocators including family offices, venture investors and crypto-native funds. The leadership team brings combined experience managing over $950 billion in AUM across institutions such as CVC Capital, Bain Capital, KKR, BCG, Tufa and GoCoin.
Redemption Token
The Redemption Token is a new crypto asset category designed to combine permissionless transferability with a defined function.
Tokens are issued to fund investors and 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 tokens to trade on exchanges and to be used in decentralized finance protocols, unlocking new opportunities and use cases for holders and builders, while preserving redemption mechanics within the regulated fund framework.
“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 crypto asset that acts as a key for fund investors to redeem their capital and can be traded freely in the secondary market for price discovery.”
The fund’s initial raise is limited to $21 million, matching the token generation event, and investors receive one Redemption Token per dollar invested. Allocation decisions are expected to be completed over the next few months as the fund pursues a $100 million first close later in 2026.
“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,” Eric Benz, former CEO of Changelly, early investor and Board Advisor to Tok-Edge, stated.
