Fence raises $20 million, led by Galaxy Digital.

CoinFeed 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.