Overview
- The company closed a $10 million Series A led by Pantera Capital, a round announced Thursday, Oct. 15, 2026, that also included Circle Ventures, Borderless Capital and investor Ari Rubenstein.
- Fission acts as a buyer for tokenized private-fund shares and says its platform completes both token transfer and stablecoin payment in a single atomic transaction that can settle in about 90 seconds.
- Founders Jonathan Shaffer, Steve Bendit and Chris Humphrey launched Fission in 2024 to solve long redemption waits in tokenized funds after seeing issuance outpace secondary market development.
- The startup says it has already processed millions of dollars in redemptions during pilots and will use the Series A to expand liquidity capacity, asset coverage and integrations with tokenization stacks such as Centrifuge.
- If it scales successfully, Fission could shorten multi-month private fund exit cycles for institutional holders and make tokenized fund shares easier to use as collateral or reserve assets, but broader secondary markets and regulatory infrastructure still need to mature.