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ETH $2,258.82 -2.97%
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XRP $1.37 -1.56%
SOL $83.16 -1.90%
TRX $0.3247 +0.54%
DOGE $0.1076 +0.49%
ADA $0.2468 -1.25%
BCH $445.47 -1.64%
LINK $9.11 -2.01%
HYPE $39.11 -2.99%
AAVE $92.57 -4.44%
SUI $0.9073 -2.32%
XLM $0.1602 -1.56%
ZEC $332.47 -0.51%

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Blockchain financial company Fence completes $20 million financing, led by Galaxy Digital

According to CoinDesk, Galaxy Digital led a $20 million financing round for fintech company Fence, with participation from Parafi Capital and Crane Ventures. Fence plans to utilize blockchain, smart contracts, and tokenization technology to transform the backend processes of the $6 trillion asset-backed finance market.This round of financing will primarily be used for Fence's expansion in the U.S. market and product development. Reports indicate that a large number of structured credit transactions still rely on manual processes such as Excel, PDF, and email to complete loan tracking, collateral verification, and cash flow processing, which are inefficient and have limited transparency. Fence aims to achieve real-time data updates and automated settlements through a unified system.It is reported that Fence obtains loan data via API and uses smart contracts to automatically execute payments and cash flow distribution once conditions are met. Additionally, the company can tokenize loan shares within financing vehicles, allowing investors to transfer positions, collateralize financing, or automatically receive payments.Currently, the Fence platform manages approximately $1.5 billion in assets, with partner institutions including BBVA, BlackRock, and Fortress Investment Group. The company states that compared to the traditional processing cycle of several months, its system can complete new transaction launches within weeks.

Illustration of Kalshi's 20 Web3 business partners: A prediction market centered on compliance

Web3 asset data platform RootData has compiled a list of 20 business partners for Kalshi, covering key aspects such as blockchain infrastructure, oracle data, market-making liquidity, compliance and regulation, and transaction distribution. On-chain, Kalshi supports network assets such as Solana, Base, Bitcoin, and BNB Chain, and provides data support through oracles like Pyth Network and RedStone. At the liquidity layer, it brings in traditional market makers like Jump Trading and SIG to participate in price discovery. Simultaneously, Kalshi expands its trading and distribution capabilities through platforms like Coinbase and Robinhood. However, compared to its Web3 partner network, Kalshi's more substantial off-chain capabilities lie in its core competencies built upon compliance, risk control, and financial infrastructure. For example, it facilitates fund access and payment compliance through Plaid and Aeropay, receives market monitoring and risk control support from Solidus Labs, and collaborates with Birches Health to establish a responsible trading mechanism. Overall, Kalshi's structure is not typical of a crypto application, but rather resembles an "event exchange" operating within a regulatory framework: first building financial infrastructure, then selectively integrating Web3 capabilities. This gives it a stronger "traditional financial attribute" compared to other prediction market projects. Related compilation: [Kalshi Web3 Partner Network Compilation (Continuously Updated)] Crypto projects proactively showcasing their partner networks has become a key way to improve transparency and market trust. RootData welcomes Web3 projects to submit their information and continuously tracks and opens more channels for disclosing project business relationships. The platform has already released multiple editions of crypto project ecosystem maps, nominating Web3 ecosystem partners serving upstream clients such as Visa, Mastercard, and Coinbase. If you wish to nominate your project in future ecosystem maps, please fill out the [RootData 2026 Industry Ecosystem Mapping] form to add your key clients and partners.
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