Tenka closes pre-seed round led by Maven 11 to build asset-backed finance infrastructure

Private credit has a liquidity problem that’s roughly as old as private credit itself. You lend money against real assets, lock it up for years, and if you want out early, your options range from “find a buyer yourself” to “good luck.” Tenka, a London-based startup, just raised pre-seed capital to build the infrastructure that could change that equation. The round, which closed on September 17, was led by Maven 11, the crypto-native venture capital firm, with participation from Gami Capital and a group of angel investors. The funding will go toward constructing a platform that ties together loan origination, placement, and secondary market trading for asset-backed finance, all running on-chain. What Tenka is actually building The core idea is straightforward in concept, even if the execution is anything but. Tenka wants to create a standardized market layer where investors can gain liquidity on private credit positions before the underlying loans mature, without altering the original loan terms. The platform will feature independent net asset value calculations published on a weekly basis, consistent data reporting standards across facilities, and on-chain verification through a pa...