Pantera Leads $10 Million Fission Funding Round To Solve Tokenized Fund Liquidity Problem

TL;DR: Tokenization infrastructure firm Fission has raised $10 million in a funding round led by Pantera Capital. It wants to make it easier for eligible investors to sell tokenized private-market holdings without waiting for traditional fund redemption periods. The tokenization industry has spent years promising faster transfers of financial assets. Fission now wants to solve a more difficult problem: what happens when an investor wants their money back? The financial technology company announced on October 15 that it had raised $10 million in a round led by Pantera Capital, with participation from Circle Ventures and other investors. Its business focuses on liquidity for tokenized alternative investments, including private funds that are traditionally difficult to sell quickly. A Token Is Not The Same As A Buyer Representing ownership of a fund on a blockchain may make recordkeeping and transfers more efficient. It does not automatically create a liquid market. A private credit or private equity fund can still have transfer restrictions, limited redemption windows and few willing buyers. Fission is developing infrastructure to provide secondary-market liquidity for qualifying int...