Tenbin's tBRL is a synthetic asset designed to track the Brazilian real. It is separate from Tokeniza's token with the same ticker.
Reviewed · Sources (1)
How it works
Tenbin describes a combination of on-chain collateral and off-chain futures hedges. The design depends on collateral yield, hedge funding costs and operational execution, rather than a simple deposit of reais per token.
Backing
The described model combines on-chain collateral and off-chain futures hedges; it is not a cash deposit of one real per token.
What the project says
Tenbin’s design seeks BRL exposure using collateral and hedging.
The project
History
Tenbin introduced tBRL as a synthetic real-tracking asset, distinct from Tokeniza’s tBRL.
People and issuer
Tenbin Labs publishes the associated contract repository.
Access and redemption
The protocol's contracts support minting and redemption; users should check eligibility, current collateral and live execution terms. A secondary market may also be available.
Transparency
Published contracts can be inspected, but they do not independently establish off-chain hedge positions or current redemption capacity.
What to check
- Tenbin lists Ethereum tBRL at 0x4C1b46adb8877E389171EC6Ef67b385094C0afaD.
- stBRL is a staking wrapper over this exposure, not a separate pool of fiat reserves.
Contract observations (1)
Discovery records. Confirm the current issuer address and migration status before use.
0x4C1b46adb8877E389171EC6Ef67b385094C0afaDExplorer ↗Sources (1)
Primary project, issuer, protocol, auditor or official material was reviewed for the described claims; this is not independent verification of all claims or current market access.