Pantera Capital-backed startup Fission raises $10 million to help investors cash out of tokenized funds faster
New 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.