Fission Raises $10 Million for Tokenized Fund Trading

The New York startup aims to slash settlement times for tokenized private equity shares from months to seconds.

Updated on Oct. 15, 2026 in Startups

Fission Raises $10 Million for Tokenized Fund Trading

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New York-based startup Fission closed a $10 million Series A funding round in September 2026 to expand its platform for trading tokenized private fund shares. The firm aims to improve liquidity for these assets by shortening sale settlement times for investors.

Why it matters

Fission raised this capital to solve the long-standing liquidity problem in tokenized private funds, where exit timelines for investors often drag on for months. By streamlining the trading process, the startup looks to capture value in the growing digital asset market.

Fission secured $10 million in Series A funding, a significant increase from its $1.6 million pre-seed round. The company currently operates with 8 employees to support its platform for trading tokenized assets.

The players

Fission

A New York-based startup that builds infrastructure for the secondary trading of tokenized private fund shares.

Pantera Capital

An investment firm specializing in digital assets and blockchain technology that led the Series A round.

The details

Fission provides an interface that allows investors to connect digital wallets and list tokenized fund shares for sale. The platform manages the underlying legal and trading mechanics to execute these sales, aiming to cut settlement wait times from the industry-standard 200 days to 90 seconds. By automating the transfer of rights, the startup reduces the manual overhead required to move private market positions.

Fission was founded in 2024.
The Series A funding round closed in September 2026.

Market Landscape

Fission's platform enters the market as financial institutions increasingly explore the tokenization of traditional private assets to improve liquidity. This shift follows a wider industry trend that also includes upcoming product launches, such as the tokenized offering expected from Federated Hermes in early 2027.

Operators in the private equity space should monitor whether these platforms successfully reduce settlement timelines for fund exits. If the technology matures, it could shift how firms manage liquidity and secondary market access for their limited partners.

The takeaway

Fission is betting that automation can resolve the liquidity bottleneck currently plaguing private tokenized funds. Operators should watch for the broader market impact when firms like Federated Hermes debut their own tokenized products in early 2027.