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Fence netted $20 million from Galaxy Digital to tokenize a $6 trillion asset\u2011backed finance market that still runs on manual, legacy rails.<\/p>\n
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Fence has secured a $20 million investment led by Mike Novogratz\u2019s Galaxy Digital to bring blockchain infrastructure to the roughly $6 trillion U.S. asset\u2011backed finance market, in one of the clearest recent bets on tokenizing legacy credit plumbing.<\/p>\n
According to Galaxy Digital\u2019s investment disclosure, Fence \u201cleverages blockchain behind the scenes to automate and improve\u201d asset\u2011backed lending workflows that today remain \u201clabor\u2011intensive and highly manual,\u201d positioning the firm as a back\u2011office rails provider rather than a consumer\u2011facing crypto platform.<\/a><\/p>\n Fence says its system can tokenize lenders\u2019 positions in financing instruments and, in some cases, the underlying loans and invoices themselves, effectively turning traditionally illiquid receivables into programmable, tradable claims.<\/a><\/p>\n Fence reports that it currently manages approximately $1.5 billion in assets on its platform, working with marquee institutions including BlackRock, where it helps streamline the administration of complex structured\u2011credit deals.<\/a><\/p>\n The company said in a statement that the fresh $20 million will support \u201cgrowth and product development\u201d as it looks to deepen integrations with banks, asset managers and specialty finance shops searching for operational efficiency and faster settlement in private credit.<\/p>\n <\/p>\n Galaxy Digital framed the deal as part of its broader push into tokenized real\u2011world assets, following moves such as its planned multi\u2011chain tokenized money market fund, designed to sit alongside products like BlackRock\u2019s roughly $2.2 billion BUIDL fund and Franklin Templeton\u2019s BENJI in the emerging on\u2011chain yield stack.<\/a><\/p>\nGalaxy\u2019s RWA push meets credit market automation<\/h2>\n