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Odaily News: Fission has announced the completion of a $10 million Series A funding round, led by Pantera Capital, with participation from Circle Ventures, Borderless Capital, and Ari Rubenstein, among others. The round was completed in September, with the valuation undisclosed. Fission primarily provides liquidity services for tokenized funds, acting as a buyer to help investors sell their fund shares without waiting for the fund to process redemptions; after users connect their digital wallets and submit sell requests, Fission handles the relevant legal and transaction processes. CEO Jonathan Shaffer stated that for products that typically take around 200 days to sell, investors can sell immediately after paying a fee, with settlement times reduced to 90 seconds or less. Fission was founded in 2024, with a founding team that includes former employees of Point72 and Securitize. Its clients are mainly institutional investors and organizations holding on-chain assets, such as hedge funds holding tokenized private credit or equity assets, crypto institutions managing treasuries, and stablecoin issuers allocating reserves to yield-bearing tokenized investment products.
Canopy, an AI-native blockchain development framework, has announced the completion of an $8.5 million seed funding round, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital. The new funds will be used to support its mainnet launch, expand its engineering team, and advance the development of AI-native development tools and the developer experience. The goal is to compress complex decentralized application development into readable code, enabling both developers and AI coding assistants to rapidly generate complete applications. (Crypto News)
According to The Block, cross-chain infrastructure platform Squid has raised $6 million in strategic funding, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid said that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across more than 100 blockchain networks, serving over 1 million users.
OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.