Fission Labs Launches $1.6M Pre-Seed Raise and Testnet to Change DeFi Landscape
Fission Labs Revolutionizes DeFi with Significant Funding
East Hampton, United States, October 15th, 2024, Chainwire. Fission Labs has successfully raised $1.6M in a pre-seed funding round, led by SALT Fund and Kraynos Capital. This funding aims at transforming venture capital within the DeFi space.
Closed Testnet Launch
Today marks the launch of Fission Labs' closed testnet on Ethereum. This new platform is designed to facilitate investment in private equity-backed tokens, starting with Fission's VC secondaries token, TECH.
- Accessible Investing: Fission's platform enables both crypto natives and traditional finance participants to engage in this burgeoning market.
- Streamlined Trading: Users will enjoy a user-friendly experience for buying and trading private ventures.
CEO Insights
Jonathan Shaffer, CEO and Co-founder of Fission Labs, states, “Fission’s testnet launch is the first step into a future where private equity and venture capital merge with web3.” He emphasizes that this development revolutionizes liquidity for private funds, allowing a new class of investors global access to American private companies.
About Fission
Fission specializes in simplifying private equity investing through an end-to-end platform that integrates tokenization, trading, lending, and automated liquidity. Founded by experts from Point72, MakerDAO, and Compound, Fission aims to expand opportunities for a worldwide investment community.
For more information about Fission's upcoming features and to sign up for access to the testnet, please visit: Fission.xyz.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.