CLARITY may have stalled in the Senate today, but onchain capital markets still need to be built.
Liquidity is one of the biggest gaps, an issue that predates tokenization.
Semi-liquid funds hold more than $600 billion. Over $48 billion in redemption requests already exceeds available liquidity.
Tokenization upgrades custody, transfer, and settlement speed. It does not eliminate duration. A multi-year private credit loan does not become liquid just because the record moves onchain.
Mature capital markets solve this through intermediation: someone has to price the mismatch and stand between sellers and the asset’s natural liquidity cycle.
Introducing Fission, the liquidity layer for tokenized funds:
fission.xyz/blog/fission-liq…