Galaxy Digital led a $20 million Series A investment in Fence, a startup building infrastructure to modernize the asset-backed finance market, which Galaxy describes as a roughly $15 trillion segment and the story frames as about $6 trillion in backend credit workflows. Fence’s pitch is not a consumer crypto product; it uses blockchain and tokenization behind the scenes to automate servicing, reconciliation, covenant monitoring, and settlement for lending and structured-credit transactions that are still handled with spreadsheets, PDFs, wires, and other manual processes. Fence says its platform can tokenize lenders’ positions and, in some cases, the underlying loans and invoices, turning illiquid receivables into programmable claims. The company reported about $1.4 billion to $1.5 billion in assets under administration and named relationships with large institutions including BlackRock, BBVA, and Fortress, which suggests the raise is part of a broader push to bring more of private credit and asset-backed lending onto automated rails. The deal matters because it shows a major crypto-native investor backing blockchain infrastructure aimed at legacy credit markets, where even small gains in efficiency can affect financing costs, reporting speed, and capital visibility at large scale.

AI-generated background, compiled from web sources — not editorial content.

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