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Fence Raises $20M to Modernize $6T Asset-Backed Finance

Fence Raises $20M to Modernize $6T Asset-Backed Finance

Published 3 weeks, 4 days ago
Description

Fence, a fintech startup, secures $20M funding to revolutionize the $6T asset-backed finance market. Leveraging blockchain, smart contracts, and tokenization, they automate loan tracking, collateral checks, and payments. Major players like BBVA, BlackRock, and Fortress already use their platform, reporting lower funding costs and reduced operational hassle. CEO Juan Montero emphasizes their focus on rebuilding capital markets infrastructure. The new funding will fuel U.S. expansion and product upgrades, poised to reshape structured credit and streamline trillions in transactions.

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