Blockchain financial company Fence completes $20 million funding round, led by Galaxy Digital

Odaily reports that blockchain financial company Fence has announced the completion of a $20 million new funding round, led by Galaxy Digital, with participation from Parafi Capital and Crane Venture Partners. Fence is dedicated to leveraging blockchain and tokenization technology to transform the back-office processes of the asset-backed finance market, primarily focusing on the operational layer of structured credit transactions, including loan pool tracking, collateral verification, and cash flow management. Fence emphasizes that it does not define itself as a blockchain company, but rather uses blockchain as back-office infrastructure to automatically manage cash, collateral, and transaction rules through smart contracts, and to tokenize loan positions when necessary to enhance liquidity and automation. (CoinDesk)