ME News reports that on April 29 (UTC+8), fintech company Fence completed a $20 million funding round led by Galaxy Digital, with participation from Parafi Capital and Crane Ventures. Fence is developing a software solution for the operational layer of structured credit transactions, leveraging blockchain, smart contracts, and tokenization technologies to automate loan pool tracking, collateral verification, reporting, and payments—aimed at improving the $6 trillion asset-backed financing market. (Source: MLion)
Fence Secures $20M for Blockchain-Based Credit Solutions
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Summary
Fence, a fintech company spun out from MetaEra, has raised $20 million in funding led by Galaxy Digital, with participation from Parafi Capital and Crane Ventures. The company is developing a blockchain-based platform to automate structured credit transactions. Its software leverages blockchain capabilities such as smart contracts and tokenization to streamline processes in the $6 trillion asset-backed financing market, targeting loan pool tracking, collateral verification, reporting, and payments.
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