Galaxy Digital Leads Investment In Blockchain Startup Fence

CryptoProwl

Wed, April 29, 2026 astatine 8:19 AM CDT 1 min read

Galaxy Digital (NASDAQ: $GLXY) has led a caller backing circular successful blockchain startup institution Fence, investing $20 cardinal U.S. 

Fence claims to usage blockchain down the scenes to automate and amended the $6 trillion U.S. asset-backed concern market, wherever galore deals inactive trust connected labour-intensive manual workflows.

Specifically, Fence is gathering bundle to automate galore of the processes associated with structured recognition deals.

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The functions to beryllium automated see tracking indebtedness pools to verifying collateral and moving currency from bank-to-bank. 

Many of those processes inactive trust connected spreadsheets, PDFs and emails, says Fence. The existent concern slows transactions and leaves investors with constricted visibility into the process. 

Fence plans to regenerate those processes with a azygous strategy that updates information successful existent time, cutting costs successful the process. 

The startup says it is utilizing blockchain to heighten the back-end plumbing connected concern deals. 

The institution tin besides tokenize lender positions successful financing vehicles and, successful immoderate cases, the underlying loans and invoices. 

The institution says it present oversees astir $1.5 cardinal U.S. successful assets crossed its platform, moving with firms specified arsenic BlackRock (NYSE: $BLK). 

The latest backing circular that includes Galaxy Digital’s $20 cardinal U.S. concern volition assistance Fence to grow and physique retired its products, said the institution successful a written statement. 

GLXY banal has risen 73% successful the past 12 months to commercialized astatine $26.36 U.S. per share.