{
  "id": 14680568,
  "title": "Pantera Capital-backed startup Fission raises $10 million to help investors cash out of tokenized funds faster",
  "url": "https://urgent.news/2026/10/15/pantera-capital-backed-startup-fission-raises-10-million-to-help",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T11:00:00.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/10/15/pantera-capital-backed-startup-fission-10-million-investors-tokenized-funds-liquidity/"
  },
  "original_language": "en",
  "account": "Fission, a New York-based startup, has secured a $10 million Series A round to tackle the liquidity challenges of tokenized private funds. Founded in 2024 by CEO Jonathan Shaffer, CRO Steve Bendit, and CTO Chris Humphrey, the company aims to enable investors to sell their tokenized fund shares in seconds, bypassing the months-long waiting period typically required. Pantera Capital led the round, which also saw participation from Circle Ventures, Borderless Capital, and Ari Rubenstein. Fission's approach involves acting as the buyer, allowing investors to sell their holdings directly through the platform. The company's CEO, Jonathan Shaffer, highlighted that while tokenization has made investing in funds more accessible, it does not guarantee immediate liquidity upon sale. Fission's system streamlines the legal and trading processes, settling transactions in as little as 90 seconds. The company currently serves institutional investors, organizations holding blockchain-based assets, crypto treasuries, stablecoin issuers, and individual investors seeking to cash out personal holdings. Fission's team comprises eight employees, with locations in Long Island and Los Angeles. The startup has already raised a $1.6 million pre-seed round before this latest funding, with existing investors including SALT Fund, Kraynos Capital, New Form, gumi Cryptos Capital, Anthony Scaramucci, Manhattan Venture Partners, Reflexive Capital, and Lattice Capital.",
  "summary": "Founded by Point72 and Securitize veterans, Fission targets the buyers missing from Wall Street’s tokenization boom.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}