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Galaxy Digital Leads $20 Million Round for Fence to Modernize $6 Trillion Asset-Backed Finance Market

The deal signals growing institutional interest in real‑world asset infrastructure.

Fence raises $20m from galaxy to tokenize $6t asset backed finance market
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Overview

  • Fence, which raised $20 million led by Galaxy Digital on Wednesday, said it will expand in the U.S. and speed product development.
  • The startup runs the back end of structured credit by using smart contracts and bank APIs to track loans, verify collateral, move cash, and apply deal rules.
  • It says new facilities can go live in weeks instead of months, and lenders get real‑time views of loan performance and cash flows rather than periodic reports.
  • Fence reports about $1.5 billion in assets on its platform and work with firms such as BlackRock and Fortress, with BBVA deals lowering borrower costs and cutting manual work.
  • The system can tokenize lender positions and sometimes the underlying loans to enable transfers, borrowing against positions, or automatic payments, and it only uses tokenization when it clearly adds value.