Fission Labs Secures $1.6M in Seed Funding and Launches Testnet>
PR Newswire –
Fission has successfully raised $1.6 million in a pre-seed funding round led by SALT Fund and Kraynos Capital, with contributions from Anthony Scaramucci of Skybridge
The company launched its testnet on Ethereum to facilitate investments and trading in private equity backed tokens, starting with their VC secondaries token, TECH
Fission aims to simplify access to private ventures through an integrated technology stack, allowing easy tokenization and decentralized trading
CEO Jonathan Shaffer emphasized the goal of providing global access to American private companies and enhancing liquidity in private funds
Fission fosters a robust community engagement in developing its protocol.
– Fission’s pre-seed funding of $1.6 million.
– Led by SALT Fund and Kraynos Capital, with Anthony Scaramucci participating.
– First DeFi application for venture capital on-chain.
– Launched testnet on Ethereum for trading private equity backed tokens.
– Offers integrated technology stack for tokenization, trading, and liquidity.
– Focused on accessibility for both crypto natives and traditional finance participants.
– Aims to revolutionize liquidity for private funds and broaden market participation.
– Strong emphasis on community involvement in protocol development.
Link: https://www.prnewswire.com/news-releases/fission-labs-announces-1-6m-pre-seed-raise-led-by-salt-fund-kraynos-capital-launches-closed-testnet-to-bring-vc-to-defi-302272215.html