The New York‑based startup raised a $10 million Series A round, aiming to let investors liquidate tokenized fund holdings within seconds and close a persistent liquidity gap.
Fission, the New York‑based fintech startup, announced a $10 million Series A financing round aimed at delivering instant secondary market trading for tokenized fund shares, a move that could dramatically shrink the liquidity gap that has long hampered alternative asset investors.
Funding round and backers
The round was led by Pantera Capital, with participation from several other venture firms and strategic investors. The capital will be deployed to expand Fission’s technology platform, deepen partnerships with fund managers, and accelerate regulatory compliance efforts.
How tokenized fund shares work
Fission tokenizes traditional fund holdings by issuing blockchain‑based digital certificates that represent fractional ownership. These tokens can be bought, sold, or transferred on Fission’s proprietary exchange, enabling investors to liquidate positions within seconds rather than waiting for periodic redemption windows.
Addressing the liquidity gap
Historically, investors in private equity, hedge funds, and other alternative assets have faced long lock‑up periods and limited secondary market options. By providing a real‑time order book and automated settlement, Fission aims to offer continuous price discovery and immediate access to cash.
- Instant trade execution
- Blockchain‑based settlement
- Regulatory‑compliant KYC/AML processes
- Integration with existing fund administration systems
Industry analysts note that while tokenization promises greater efficiency, widespread adoption will depend on clear regulatory guidance and the willingness of fund managers to embrace digital securities.
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Fortune coverage of Fission’s $10 million Series A
Track coverage on Momentum · More in Technology.