Tokenized Fund Liquidity Platform Fission Announces Completion of $10 Million Series A Financing
Tokenized fund liquidity platform Fission announced the completion of $10 million in Series A financing, led by Pantera Capital, with participation from Circle Ventures, Borderless Capital, and Ari Rubenstein. This round of financing was completed in September, and the company did not disclose its valuation.
Fission aims to address the issue of tokenized fund shares being difficult to liquidate quickly. The platform acts as a buyer, allowing investors to sell shares without waiting for the fund to process redemptions. Users connect their digital wallets and submit sale requests, while Fission handles the legal and transaction processes in the background.
CEO Jonathan Shaffer stated that for products that typically take about 200 days to sell, investors can pay a fee to sell immediately, with settlement completed in 90 seconds or less. Fission was founded in 2024, and its founding team includes former employees from Point72 and Securitize.
Currently, the main clients are institutional investors and organizations holding on-chain assets. Clients include hedge funds holding tokenized private credit or equity assets, crypto institutions managing treasury, and stablecoin issuers allocating reserves to interest-bearing tokenized investment products.
The platform reduces the time to liquidate fund shares by acting as a buyer. The time is shortened from about 200 days to 90 seconds or less, with Fission handling the legal and transaction processes after users pay a fee.
This financing occurs against the backdrop of insufficient liquidity for tokenized fund shares. The funds will enhance the platform's capacity as a buyer and improve backend processes, allowing institutional investors to obtain immediate settlement by paying a fee, while traditional funds with slower redemption processes face pressure from shareholders to turn to instant liquidation channels.
Source: Public Information
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Fission was founded in 2024, with a founding team that includes former employees from Point72 and Securitize. Point72 has long been involved in hedge fund investment and liquidity management, while Securitize focuses on the issuance and compliant circulation of tokenized securities. The lead investment from Pantera Capital, along with participation from Circle Ventures, continues the trend of crypto venture capital investing in secondary liquidity tools for tokenized assets.
The $10 million funding is primarily directed towards enhancing the platform's capacity as a buyer and improving backend legal and transaction processes. The motivation is to allow institutions holding tokenized private credit, equity, or interest-bearing products to sell shares immediately after paying a fee, without waiting for the fund's own redemption processing, which typically takes about 200 days, thus compressing the settlement time to 90 seconds or less.
Similar functionalities can be seen in secondary buyer platforms for traditional private fund share transfers, as well as some tokenized government bond products providing liquidity through market making or instant redemption mechanisms. Currently, Fission is in the client expansion phase following the completion of its Series A, focusing on the liquidity needs of institutional holders, including hedge funds, crypto treasuries, and stablecoin issuers.
This essentially represents a restructuring of the industry chain. The traditional redemption process for tokenized fund shares is replaced by the platform's immediate purchase and backend processing as a buyer. Mechanically, Fission takes on the buyer role and completes legal and settlement processes after receiving sale requests from users' wallets, transforming the long redemption process reliant on fund processing into a paid instant transaction, thereby shifting liquidity provision from within the fund to an external platform.
ABAB News · Cognitive Law
The platform acts as a buyer, compressing redemption time to seconds
Paid instant settlement replaces waiting for fund processing
Liquidity for tokenized shares is provided by external platforms