Pantera Capital-backed startup Fission raises $10 million to help investors cash out of tokenized funds faster
RWA Signal Insight
InfrastructureNew York-based startup Fission has secured $10 million in Series A funding to address the persistent liquidity challenges facing tokenized private funds. While blockchain technology has streamlined the issuance of fund shares for major institutions like BlackRock and Apollo, investors often face months-long wait times to exit their positions due to a lack of secondary market buyers. Fission aims to solve this by acting as an immediate buyer, allowing investors to sell their tokenized holdings and receive settlement in under 90 seconds. The funding round was led by Pantera Capital, with participation from Circle Ventures, Borderless Capital, and Ari Rubenstein. By automating the legal and trading mechanics behind the scenes, the platform provides a critical bridge for institutional investors, hedge funds, and stablecoin issuers who require faster access to capital. This development highlights a shift in the RWA market from mere asset issuance to solving post-tokenization infrastructure gaps. The startup, founded in 2024, previously raised $1.6 million in a pre-seed round and currently serves institutional clients holding tokenized private credit and equity.
Key points
- Fission raised $10 million in Series A funding led by Pantera Capital.
- Platform enables secondary market exits for tokenized funds in under 90 seconds.
- Target clients include hedge funds, stablecoin issuers, and institutional asset holders.
- Startup addresses the industry-wide gap in post-tokenization liquidity and secondary trading.
Background
Tokenized funds represent traditional investment vehicles, such as private equity or credit, where ownership shares are recorded on a blockchain. This process aims to increase transparency and reduce administrative friction compared to legacy paper-based systems. However, these assets often lack the deep secondary markets found in public equities, making it difficult for investors to liquidate positions before the fund's scheduled maturity or redemption window.