Fission Raises $10 Million to Speed Up Fund Liquidity
The startup aims to cut fund sale wait times to 90 seconds using automated tokenized asset trading.
Updated on Oct. 15, 2026 in Startups
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New York-based startup Fission closed a $10 million Series A funding round in September 2026 to support its platform for trading tokenized fund shares. The company, which employs eight people, aims to provide secondary market liquidity for private funds.
Why it matters
Fission seeks to address the liquidity constraints inherent in private fund markets, where holders often face long wait times to sell their positions. By automating the legal and trading mechanics of tokenized asset sales, the firm attempts to shorten the exit process for investors.
Fission reports a maximum settlement time of 90 seconds for fund sales through its platform, a significant reduction compared to the industry-standard 200-day wait time for traditional fund products.
The players
Fission
A New York-based startup with eight employees focused on the liquidity and trading of tokenized private fund shares.
Pantera Capital
An investment firm specializing in blockchain technology and digital assets that led Fission's Series A round.
Federated Hermes
An investment manager that expects to debut a tokenized product in early 2027.
The details
Fission provides a digital interface that allows investors to link their digital wallets and initiate the sale of tokenized fund shares. The platform automates the underlying legal and trading mechanics required to transfer these assets. This process shifts the burden of documentation and settlement from manual, slow-moving administrative workflows to a digital infrastructure designed to execute trades almost instantaneously.
Timeline
Fission was founded in 2024.
The Series A funding round closed in September 2026.
The Series A funding was announced in October 2026.
Federated Hermes expects to launch its first tokenized product in early 2027.
The Tech Race
Fission enters a market segment increasingly focused on applying blockchain-based settlement to traditional finance. The move follows a broader industry push to modernize private fund mechanics, with firms like Federated Hermes also preparing to deploy tokenized products by early 2027.
Investors currently locked into illiquid fund positions may eventually gain access to faster exit paths if this trading infrastructure sees broader adoption. For now, the platform is in the early stages of development with the primary goal of creating a functional secondary market.
The takeaway
Fission is betting that automated settlement can transform the efficiency of private market investing. Readers should watch for the deployment of the Federated Hermes tokenized product in early 2027 as a litmus test for the viability of these secondary market channels.
Further reading
For more on the local landscape of emerging companies, explore our coverage of startups.
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