PANews reported on April 29th that Fence , a startup specializing in asset-backed financial infrastructure, has raised $ 20 million in funding, led by Galaxy Digital with participation from Parafi Capital and Crane Ventures . The company aims to transform the back-office processes of the approximately $ 6 trillion asset-backed financing market. Fence utilizes blockchain, smart contracts, and asset tokenization to automate loan pool tracking, collateral verification, and fund transfers, replacing traditional forms, PDFs , and email processes, without explicitly emphasizing its "blockchain company" positioning. The company has already partnered with institutions such as BBVA , BlackRock , and Fortress , managing approximately $ 1.5 billion in assets on its platform. It plans to use this funding to expand into the US market and continue optimizing its product.