According to Foresight News, the on-chain venture capital platform Fission Labs announced the completion of a $1.6 million Pre-Seed round of financing, led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). The new funds intend to promote Fission Labs to introduce venture capital into on-chain DeFi applications. Its platform has launched a testnet on Ethereum to support cryptocurrency native users and traditional financial participants to invest in and trade private equity-backed tokens.