Fission raises $10M to fix the exit problem in tokenized funds

Pantera Capital led the Series A for a New York startup that wants investors to sell tokenized fund shares in seconds, not months Tokenization has made it remarkably easy to put money into private funds. Getting it back out is another matter entirely. Fission, a New York-based startup, has raised a $10 million Series A to close that gap. Pantera Capital led the round, which closed in September and was announced on Thursday. Circle Ventures, Borderless Capital, and Ari Rubenstein also joined. Fission declined to share its valuation. Fission is tackling a quirk in the tokenized fund market. Asset managers have been turning fund shares into digital tokens on blockchains. That makes the shares easier to issue, track, and hold. What it hasn’t done is make them easier to sell.

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