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Galaxy Digital Leads $20M Funding for Fintech Firm Fence on April 29

GateNews

2026-04-29 12:25:30

According to BlockBeats, Galaxy Digital led a $20 million funding round for fintech company Fence on April 29, with Parafi Capital and Crane Ventures participating. Fence plans to use blockchain, smart contracts, and tokenization to modernize back-office operations in the $6 trillion asset-backed finance market, targeting U.S. market expansion and product development.

Fence’s platform currently manages approximately $1.5 billion in assets and works with institutions including BBVA, BlackRock, and Fortress Investment Group. The company aims to replace manual processes reliant on Excel, PDF, and email with automated systems for real-time data updates and settlement.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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