Fission Funding: NY Fintech Startup Secures $10M from Pantera to Power RWA Secondary Markets

Tokenized investment funds are gaining attention in digital finance, but converting traditional assets into blockchain-based tokens does not automatically make them easier to sell. 

Fission, a New York-based fintech startup, is addressing this challenge after raising $10 million in a Series A funding round led by Pantera Capital, announced on 15 October 2026. 

The company aims to provide eligible investors with an alternative route to liquidity, helping them exit supported tokenized fund positions without necessarily waiting months for conventional redemption windows.

Key Takeaways

• $10 million raised: Pantera Capital led Fission's Series A, alongside several other investors.
• Liquidity is the priority: Fission aims to help eligible investors sell supported tokenized fund interests faster than traditional redemption processes allow.
• RWA infrastructure gets a boost: The funding will support expanded liquidity capacity, broader fund coverage and deeper institutional integrations.

What Is Fission, and How Does Its Tokenized Fund Platform Work?

source by Fundraising Digest X

Fission focuses on liquidity for tokenized investment funds, particularly products linked to private markets and semi-liquid investments. 

Its business addresses a problem that can remain even after a fund's interests have been represented as digital tokens: investors may still struggle to exit their positions when they need access to capital.

Tokenization uses blockchain technology to represent ownership or interests in assets digitally. It can improve recordkeeping, issuance and settlement processes, but it does not automatically create buyers or remove the legal restrictions governing an investment.

For example, a tokenized private-credit fund may still have scheduled redemption windows, investor eligibility requirements and limits on transfers. If demand from potential buyers is limited, investors can remain locked into their positions despite the use of blockchain technology.

How Fission Aims to Improve Liquidity

Fission seeks to bridge this gap by providing an alternative liquidity route for eligible holders of supported funds.

According to the company's description, investors can connect a wallet and submit a sale request. Fission then manages the relevant legal, trading and compliance processes, potentially enabling the investor to receive capital without waiting for the underlying fund's normal redemption cycle.

The company has cited an example in which a process that might otherwise take around 200 days could settle in 90 seconds or less. 

This is a company-described illustration, not a universal settlement guarantee. Actual timing depends on the product, eligibility requirements, pricing, liquidity availability and applicable market conditions.

The distinction is important: Fission is not necessarily changing the redemption terms of the underlying fund. Instead, it aims to create an alternative route for approved investors to exit supported positions.

Fission's $10M Series A: Investors and Growth Plans

The $10 million Series A round was led by Pantera Capital, a prominent digital-asset investment firm. Other named participants include Circle Ventures, New Form, gumi Cryptos Capital, Borderless Capital and Ari Rubenstein, the chief executive of GTS.

Fission's existing investor base also includes Anthony Scaramucci, Manhattan Venture Partners, Reflexive Capital and Lattice Capital, according to the company's funding announcement.

The company's valuation was not disclosed in the supplied announcement.

Where Will the Funding Go?

Fission plans to use the capital to strengthen its liquidity capacity, support a broader range of tokenized private-market and semi-liquid funds, and deepen integrations with institutional partners.

These priorities address several practical requirements for a functioning secondary market.

Greater liquidity capacity: An alternative exit mechanism needs sufficient capital and counterparties to accommodate eligible sale requests. 

Expanding capacity could help Fission support more transactions, although funding alone does not guarantee liquidity for every asset.

Broader product coverage: Supporting more tokenized funds could give eligible investors access to additional liquidity options across private credit and alternative investments. Each product will still have its own legal, compliance and transfer requirements.

Institutional integrations: Deeper relationships with fund managers, service providers and other financial institutions could help connect tokenized products with the infrastructure required to manage transactions and investor eligibility.

Fission has also reported processing millions of dollars in redemptions and supporting tokenized funds across private credit, alternative investments and other institutional products. These are company-reported figures and should not be interpreted as a guarantee of future transaction volumes.

Why Fission Matters for the RWA and Tokenization Market

source by Fission X

The funding highlights an important issue for the real-world asset (RWA) sector: tokenization can make assets easier to represent and manage digitally, but liquidity remains a separate challenge.

Tokenization Does Not Guarantee a Secondary Market

In traditional finance, private-credit funds, private-equity interests and other alternative investments can have limited exit opportunities. Investors may need to wait for scheduled redemption periods or find an eligible buyer willing to purchase their interests.

Representing those interests on a blockchain does not automatically remove these restrictions.

Fission is targeting the infrastructure between token issuance and investor exit. If its model can operate reliably across a wider range of products, it could help make tokenized investment funds more practical for eligible investors who need greater flexibility.

However, secondary liquidity depends on more than transaction speed. Buyers or other liquidity providers must be available, pricing must be acceptable, and the transaction must comply with the rules governing the underlying investment.

What About BlackRock, Apollo and Janus Henderson?

The wider tokenized-fund market includes products and initiatives associated with major financial institutions such as BlackRock, Apollo and Janus Henderson. 

These examples illustrate the growing institutional interest in bringing investment products onto digital infrastructure.

However, Fission's funding announcement should not be interpreted as confirmation that every fund associated with these managers is supported by its platform.

The relevant question for investors is whether a specific fund is eligible, whether its transfer restrictions permit the proposed transaction, and whether Fission can provide liquidity under the applicable terms.

The Risks and Limitations to Consider

Fission's model could improve access to capital, but several limitations remain.

• Availability is product-specific: Not every tokenized fund or investor will qualify.
• Liquidity is not guaranteed: A faster exit route depends on the platform's capacity, market conditions and transaction terms.
• Pricing matters: Investors may need to accept a price different from their original investment value or the fund's reported valuation.
• Compliance remains essential: Securities laws, investor verification and fund-specific transfer restrictions continue to apply.
• Execution risk persists: Fission must scale its operations and integrations while maintaining reliable transaction processing.

For investors, the most useful measure of progress will be whether the platform expands supported products, processes transactions consistently and provides clear information about pricing, fees and settlement conditions.

Conclusion

Fission's $10 million Series A, led by Pantera Capital, highlights the growing need for liquidity infrastructure in tokenized finance. 

By helping eligible investors exit supported fund positions without necessarily waiting for conventional redemption windows, the company is targeting a significant barrier to RWA adoption. Its long-term success will depend on available liquidity, competitive pricing, regulatory compliance and institutional adoption. 

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FAQ

How much funding has Fission raised?

Fission raised $10 million in a Series A round led by Pantera Capital, announced on 15 October 2026. Other named participants include Circle Ventures, New Form, gumi Cryptos Capital, Borderless Capital and Ari Rubenstein.

What does Fission do?

Fission focuses on liquidity for tokenized investment funds. It aims to provide eligible investors with an alternative way to sell supported fund interests without necessarily waiting for the underlying fund's standard redemption cycle.

Does tokenization make private-market funds instantly liquid?

No. Tokenization can improve digital issuance, recordkeeping and settlement, but it does not automatically create buyers or remove redemption schedules, transfer restrictions and investor eligibility requirements.

How will Fission use its $10 million funding?

The company plans to expand liquidity capacity, support more tokenized private-market and semi-liquid funds, and deepen institutional integrations.

Does Fission guarantee that investors can sell their tokenized funds within 90 seconds?

No. The company has cited settlement in 90 seconds or less as an illustration of its potential speed compared with a process that might otherwise take around 200 days. Actual timing and availability depend on the asset, investor eligibility, pricing, liquidity and transaction conditions.

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