We investigate tensor products of random matrices, and show that independence of entries leads asymptotically to $\varepsilon$-free independence, a mixture of classical and free independence studied by M{\l}otkowski and by Speicher and Wysoczański. The particular $\varepsilon$ arising is prescribed by the tensor product structure chosen, and conversely, we show that with suitable choices an arbitrary $\varepsilon$ may be realized in this way. As a result we obtain a new proof that $\mathcal{R}^\omega$-embeddability is preserved under graph products of von Neumann algebras, along with an explicit recipe for constructing matrix models.