Fission Labs Secures $1.6 Million Pre-Seed Funding

According to Odaily, blockchain venture capital platform Fission Labs has successfully raised $1.6 million in a pre-seed funding round. The round was led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci of Skybridge. The newly acquired funds are intended to facilitate Fission Labs' efforts to integrate venture capital into decentralized finance (DeFi) applications on the blockchain. Fission Labs has already launched a testnet on the Ethereum network to support both cryptocurrency-native users and traditional financial participants in investing and trading tokens backed by private equity. This initiative aims to bridge the gap between conventional finance and the burgeoning DeFi sector, providing a seamless platform for diverse investors to engage in blockchain-based private equity transactions.