Fission Labs, an on-chain venture capital platform, announced the completion of a $1.60 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 as well as traditional financial participants to invest and trade private equity-backed tokens.