Fission enables instant USDC liquidity for SISF holders on Solana

Fission, a liquidity platform focused on tokenized funds, announced on November 9, 2026 that holders of the SISF token can now redeem instantly for USDC on Solana. The token represents a tokenized feeder share class of Schroders’ Emerging Market Bond strategy.

Settlement typically lands in about two minutes, and sometimes in as little as 90 seconds.

The timing matters. SISF only went live around November 4-5, 2026, so Fission bolted an exit door onto the product within days of launch.

How the redemption works

Fission acts as the principal buyer. Instead of waiting for the fund to process a redemption, the holder sells the tokens to Fission, which pays out in USDC.

The process is permissioned. Eligible investors connect a whitelisted wallet, submit a redemption request, and receive settlement on-chain.

The research describes settlement as atomic. That means both legs of the trade, the tokens going out and the USDC coming in, happen together or not at all.

Fission says it provides continuous liquidity around the clock, settling in stablecoins.

According to the research findings, traditional fund redemption cycles can typically stretch across quarters, not minutes.

What SISF actually holds

SISF gives investors exposure to emerging-market sovereign and corporate debt. The feeder fund structure tracks the net asset value (NAV) of the underlying Schroders fund.

Schroders brings more than 50 years of investment history to the table. The firm manages approximately $1.1 trillion in assets.

Initial on-chain assets under management for SISF were reported at around $200,000 shortly after launch.

Fission’s war chest

Fission has fresh capital behind the liquidity promise. The company raised $10 million in a Series A round announced in mid-October 2026.

Pantera Capital led the round. The funding is aimed at expanding Fission’s liquidity capacity for tokenized private market assets.

Why emerging market debt is a notable choice

Most tokenized real-world assets have leaned toward cash-like instruments. The research notes that emerging-market bonds carry a more complex risk and reward profile, and that this corner of the market has often been overlooked in the tokenized RWA space.

What this means

For tokenized fund issuers, the biggest friction has rarely been minting the token. It has been giving holders a credible way out without waiting on the fund’s own redemption calendar.

Fission is trying to solve that by standing in the middle as a buyer of last resort.

There are real constraints, though. The whitelisting requirement keeps this within a permissioned set of eligible investors, so it is not an open market where anyone can trade SISF.

With on-chain AUM reported near $200,000, Fission’s balance sheet is more than large enough today, but stress only shows up when size and volatility arrive together.

Because the feeder tracks the underlying fund’s NAV, the spread Fission takes as principal buyer will determine how attractive instant redemption is compared with waiting on the fund itself.

Solana’s role is also worth noting. The chain’s fast finality and low fees are what make a 90-second round trip into USDC feasible in the first place.