stMXN, issued by Tenbin AssetCo (BVI) SPC Ltd., is a tokenized debt instrument providing staked, yield-bearing economic exposure to the Mexican Peso (MXN) while the underlying base token tracks the currency through offchain hedging and onchain settlement infrastructure operated by Tenbin Labs on Ethereum [S1][S2][S3].

stMXN represents staked Tenbin Mexican Peso (tMXN), which provides delta-neutral exposure to the Mexican Peso (MXN) [S2][S4]. The base token is static and not itself yield-bearing; holders earn yield only by depositing tMXN into an ERC4626 vault, receiving a staking token whose share price appreciates as rewards are minted to the staking pool [S2][S3]. Yield derives from onchain collateral returns net of hedge financing costs plus institutional carry, is not guaranteed, and may be modified or discontinued [S5][S3].

Tokens are issued through Tenbin AssetCo (BVI) SPC Ltd., a British Virgin Islands segregated portfolio company using a bankruptcy-remote framework that isolates each portfolio's assets from Tenbin Labs' operations [S1][S6]. The holder's claim is a direct, unconditional, unsecured debt obligation of the relevant issuer portfolio, characterized as a debenture, and is not a deposit, stablecoin, or fund interest [S1][S7]. Direct minting and redemption require onboarding, wallet screening, and KYC/KYB, and are unavailable in the United States and a broad excluded-jurisdiction list aligned with the FATF framework [S8][S9]. Approved users redeem onchain in stablecoins via the Controller contract; staked positions require a cooldown and unstake flow [S2][S10][S3].

stMXN is issued onchain on Ethereum using a custom ERC4626 staking vault, with the base token following the EVM ERC-20 standard [S8][S3][S11]. Minting and redemption are processed atomically by a Controller contract against stablecoin collateral, settling onchain, with an Oracle Adapter and Chainlink supplying 24/7 FX pricing as a backstop against off-peg execution [S10][S2].

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    { id: "S1", url: "https://docs.tenbinlabs.xyz/legal-and-transparency/legal-and-regulatory.md" },
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    { id: "S3", url: "https://docs.tenbinlabs.xyz/solution-overview/staking.md" },
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Tokenized funds

Tenbin issues liquid, composable asset tokens (e.g., Tenbin Gold) that reference underlying market exposure through a mix of off-chain hedging and on-chain settlement; staked variants accrue yield.

Tenbin is an on-chain asset tokenization protocol that brings liquid real-world assets — precious metals, yield-bearing currencies, and other commodities — on-chain for use in DeFi. It combines on-chain settlement with off-chain hedging, pricing, and yield-generation infrastructure.

Tenbin Labs builds and operates the Tenbin tokenization protocol.

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Real-world asset (RWA) issuers

Tenbin Labs

Staked Tenbin Mexican Peso (stMXN) is a tokenized fund share issued by Tenbin Labs through Tenbin AssetCo (BVI) SPC Ltd.

The fund is open-ended and invests in Latin America.

Professional investors and institutions can subscribe and redeem in tMXN after completing KYC, and holders have a right to redeem at net asset value.

Tenbin AssetCo (BVI) SPC Ltd. is incorporated in the British Virgin Islands.

stMXN has been issued on Ethereum as an ERC-4626 token since June 2026.

Staked Tenbin Mexican PesostMXN