tMXN, issued by Tenbin AssetCo (BVI) SPC Ltd., is a tokenized unsecured debt obligation providing onchain economic exposure to the Mexican Peso (MXN) through offchain hedging and onchain settlement infrastructure operated by Tenbin Labs on Ethereum [S1][S2].

Holders receive economic exposure to the Mexican Peso (MXN) but hold no ownership stake in the underlying hedge positions [S3][S4]. Exposure is maintained delta-neutral by an offchain hedging engine referencing institutional markets such as the CME [S3][S2]. The base token is static and price-tracking, not yield-bearing or rebasing; yield is optional and earned only by staking into a custom ERC4626 vault [S3][S5]. Under normal market conditions the system is effectively fee-free, with a Conditional Market Adjustment Fee applying only in stressed hedge conditions [S6].

The issuer is Tenbin AssetCo (BVI) SPC Ltd., a British Virgin Islands segregated portfolio company using a bankruptcy-remote framework that isolates each portfolio's backing assets from Tenbin Labs' operating activities [S1][S7]. Each token is a direct, unconditional, unsecured obligation intended to be characterized as a debenture, and is stated not to be a bank deposit, stablecoin, money market instrument, fund interest, or insured [S1][S8]. Direct minting and redemption require onboarding, wallet screening, and KYC/KYB, and tokens are unavailable to U.S. persons and a broad excluded-jurisdiction list aligned with the FATF framework [S2][S9]. Redemptions settle onchain in stablecoins via the Controller contract [S3][S10].

The Asset Token is an EVM token consistent with ERC-20, with staking using a custom ERC4626 vault, deployed on Ethereum, the only named supported network [S5][S11]. A Controller contract processes minting and redemption using stablecoin collateral, settling atomically onchain, with an Oracle Adapter and Chainlink supplying 24/7 FX pricing as a price backstop [S10][S2].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://docs.tenbinlabs.xyz/legal-and-transparency/legal-and-regulatory.md" },
    { id: "S2", url: "https://docs.tenbinlabs.xyz/tenbin-overview/what-is-tenbin.md" },
    { id: "S3", url: "https://docs.tenbinlabs.xyz/product/what-is-a-tenbin-asset.md" },
    { id: "S4", url: "https://docs.tenbinlabs.xyz/solution-overview/key-trust-assumptions.md" },
    { id: "S5", url: "https://docs.tenbinlabs.xyz/solution-overview/staking.md" },
    { id: "S6", url: "https://docs.tenbinlabs.xyz/hedging-and-risk/peg-mechanism/conditional-market-adjustment-fee.md" },
    { id: "S7", url: "https://docs.tenbinlabs.xyz/legal-and-transparency/trust-and-transparency.md" },
    { id: "S8", url: "https://docs.tenbinlabs.xyz/resources/general-disclosure.md" },
    { id: "S9", url: "https://docs.tenbinlabs.xyz/legal-and-transparency/geographic-restrictions.md" },
    { id: "S10", url: "https://docs.tenbinlabs.xyz/solution-overview/minting-and-redemption.md" },
    { id: "S11", url: "https://docs.tenbinlabs.xyz/solution-overview/core-addresses.md" },
  ]}
/>


Stablecoins

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

Tenbin Mexican Peso (tMXN) is a Mexican Peso stablecoin issued by Tenbin Labs through Tenbin AssetCo (BVI) SPC Ltd.

Each token is redeemable one-for-one for Mexican Peso and is a direct claim on the issuer.

Reserves are held in accounts segregated from the issuer's own funds.

Professional investors and institutions can mint and redeem directly with Tenbin Labs after completing KYC, and holders have a contractual right to redeem at par.

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

Holder terms are governed by the law of Delaware in the United States.

tMXN has been issued on Ethereum as an ERC-20 token since June 2026.

Tenbin Mexican PesotMXN

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