Fission has introduced instant USDC liquidity for holders of SISF, a tokenized feeder share class linked to Schroders’ Emerging Market Bond strategy. The permissioned service lets eligible investors exchange their tokens for USDC on Solana, with settlement typically taking about two minutes and sometimes as little as 90 seconds.

How the Redemption Service Works

Rather than waiting for the underlying fund to process a conventional redemption, investors sell their SISF tokens directly to Fission, which acts as the principal buyer. Fission then pays the investor in USDC through an on-chain settlement process.

The service is restricted to eligible participants. Investors must connect a whitelisted wallet and submit a redemption request before receiving their stablecoin proceeds. Fission describes the transaction as atomic, meaning the SISF transfer and USDC payment occur together or the transaction does not complete.

According to the research, the platform is designed to provide continuous liquidity around the clock while settling in stablecoins. That structure contrasts with traditional fund redemption cycles, which can take substantially longer and may extend across quarters depending on the product and its processing schedule.

SISF’s Tokenized Fund Structure

SISF gives investors exposure to emerging-market sovereign and corporate debt through a feeder-fund structure that tracks the net asset value of the underlying Schroders strategy. Schroders has more than 50 years of investment history and manages approximately $1.1 trillion in assets.

The timing of Fission’s announcement is notable. SISF reportedly went live around November 4–5, 2026, putting an on-chain liquidity mechanism in place within days of the tokenized fund’s launch. Initial on-chain assets under management were reported at approximately $200,000 shortly after launch.

The arrangement does not eliminate the permissioning and fund-level structure behind SISF. Instead, it adds a secondary liquidity path for approved holders by allowing Fission to purchase the token before the underlying fund completes its normal redemption process.

What This Means

Fission’s launch illustrates how tokenized funds can combine traditional investment exposure with blockchain-based settlement. For SISF holders, the main change is not the underlying bond strategy but the speed and predictability of accessing liquidity.

The model could make tokenized fund products more practical for investors who value faster exits, while its whitelisted design preserves eligibility controls required for regulated financial products. However, the early scale—roughly $200,000 in assets—means the service’s capacity, pricing, and performance across larger redemption volumes remain important factors to watch.