East Hampton, United States, October 15th, 2024,
Chainwire
Fission Labs Announces $1.6M Pre-Seed Raise led by SALT
Fund, Kraynos Capital; Launches Closed Testnet to Bring VC to
DeFi
Fission announced today its $1.6M pre-seed
funding round led by SALT Fund and Kraynos Capital, with
participation from Anthony Scaramucci (Skybridge).
Fission, the first DeFi application built to bring venture
capital on chain, launched its testnet today on Ethereum. The
platform opens a new venue where crypto natives as well as
traditional finance participants can invest in and trade private
equity-backed tokens, beginning with Fission’s VC secondaries
token, TECH.
Fission is a global investment platform that simplifies the
process of buying and trading private ventures with just a few
clicks. Fission offers an end-to-end integrated technology stack
that is optimized for bringing private equities on-chain—through
tokenization, decentralized exchange, decentralized lending, and
automated liquidity provider infrastructure. Investors can easily
purchase and trade tokens, backed by top-tier VC-funded
companies.
Jonathan Shaffer, CEO and Co-founder of Fission Labs,
commented on today's news: "Fission’s testnet launch is the first
step into a future where private equity and venture capital
products converge with web3. Investors everywhere in the world
deserve access to American private companies and the ability to
sell their stakes when they want. DeFi will revolutionize liquidity
for private funds and enable an entirely new class of global market
participants to own America’s most innovative companies. Fission
combines the best of institutional grade compliance with a DeFi
native experience to offer compelling products for both financial
institutions and retail users alike."
Central to Fission’s mission is its robust global community.
This is a hands-on opportunity for the community to build Fission’s
protocol. To learn more about Fission, or to request access to
Fission’s testnet, users can go to: Fission.xyz.
About Fission
Fission is the first DeFi application built for
VC products on Ethereum that integrates tokenization, trading,
lending, and automated liquidity provisioning into a simple,
intuitive, end-to-end solution. The founders are seasoned CeFi and
DeFi experts from Point72, MakerDAO, and Compound and our partners
are market leaders in the space. Our mission is to simplify private
equity investing for a global community, offering users liquidity
and boosted returns.
Users can follow Fission on Twitter (X) | LinkedIn
Contact
CEO
Jonathan
Shaffer
Fission
Labs
hello@fission.xyz