Galaxy Digital leads $20 million investment in Fence to overhaul back end of $6 trillion credit market
CoinDesk
Fence raised $20 million, led by Galaxy Digital, to modernize the $6 trillion credit market using blockchain-based backend infrastructure.Summary
Fence has secured $20 million in a funding round led by Galaxy Digital, with participation from Parafi Capital and Crane Ventures. The startup aims to modernize the $6 trillion asset-backed finance market by replacing manual workflows—such as spreadsheets and emails—with automated, real-time software. By utilizing blockchain and smart contracts as backend infrastructure, Fence enables lenders to monitor loan performance, verify collateral, and automate cash movements, significantly reducing costs and operational inefficiencies. Currently managing $1.5 billion in assets for firms like BlackRock and Fortress, the company plans to use the new capital to expand its U.S. presence and further develop its infrastructure platform.
(Source：CoinDesk)