Raising $82.5 Million: What is Superstate, Built by Compound Founder?
Superstate, founded by Compound's Robert Leshner, has raised $82.5 million in a Series B round led by Bain Capital Crypto and Distributed Global. The real-world asset (RWA) tokenization platform plans to expand from tokenized treasury products to a full on-chain equity issuance layer on Ethereum and Solana.
Launched in 2023, Superstate initially focused on tokenized short-term U.S. government bond funds. It has since introduced additional products, including a crypto carry fund, and registered a digital transfer agent with the SEC. Its “Opening Bell” platform enables compliant, native issuance of tokenized stocks on blockchain networks, with companies like Galaxy and Exodus already participating.
Superstate’s AUM now exceeds $1.2 billion. The company aims to bridge traditional finance with on-chain infrastructure, improving settlement speed, liquidity, and capital efficiency. While early adoption is largely institutional, tokenized assets are increasingly integrated into DeFi for collateral and lending, signaling broader functional use in digital finance ecosystems.
marsbit01/23 06:11