Fission Labs announced a $1.6M pre-seed funding round led by SALT Fund and Kraynos Capital, and the launch of its testnet on Ethereum for integrating venture capital into DeFi.
Initial Funding and Testnet
Fission Labs announced a $1.6M pre-seed funding round led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci of Skybridge. The company launched a testnet on Ethereum to create a platform where crypto and traditional finance participants can invest in and trade tokens backed by private equity.
Capabilities of Fission Platform
Fission is presented as a global investment platform that simplifies the process of buying and trading tokens of private ventures. The platform includes an end-to-end technological stack, such as tokenization, decentralized exchange, decentralized lending, and automated liquidity provider infrastructure.
CEO's Perspective
Jonathan Shaffer, the CEO and Co-founder of Fission Labs, commented: “Fission’s testnet launch is the first step into a future where private equity and venture capital products converge with web3. Investors worldwide deserve access to American private companies and the ability to sell their stakes any time.”
Fission Labs is advocating the integration of venture capital into DeFi, providing new opportunities for global investors in token trading backed by equity.
