Blockchain finance company Fence announced the completion of a new $20 million funding round, led by Galaxy Digital, with participation from Parafi Capital and Crane Venture Partners. Fence focuses on transforming the back-office processes of the asset-backed finance market using blockchain and tokenization technologies, primarily targeting the operational layer of structured lending transactions, including loan pool tracking, collateral verification, and cash flow. Fence emphasizes that it does not define itself as a blockchain company, but rather uses blockchain as a back-office infrastructure to automatically manage cash, collateral, and transaction rules through smart contracts, and tokenizes loan positions when necessary to improve liquidity and automation. (CoinDesk)