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Fission, a startup that supports liquidity for tokenized fund holdings, raised $10 million in a Series A round led by Pantera Capital, Fortune reported. Circle Ventures and Borderless Capital also participated in the round.
Fission buys tokenized fund interests directly, allowing investors to sell their holdings without waiting for redemption processing. When users connect a digital wallet and request a sale, Fission handles the legal and transaction procedures. CEO Jonathan Shaffer said products that typically take around 200 days to sell can be sold immediately for a fee, with settlement time reduced to under 90 seconds.