Fence said it raised $20 million from a round led by Galaxy Digital to modernize the $6 trillion asset-backed finance market, where many workflows still rely on manual processes and legacy systems.
Fence said it raised $20 million in a funding round led by Galaxy Digital to bring blockchain infrastructure to the $6 trillion asset-backed finance market. The company uses blockchain, smart contracts, and tokenization to automate back-office processes in a sector it says still runs on manual, legacy rails. Earlier disclosed details said Fence manages about $1.5 billion on its platform and plans to expand in the United States.