Superstate launches an on-chain direct issuance plan, supporting companies to raise funds by issuing tokenized stocks with stablecoins

According to The Block, Superstate, led by Compound founder Robert Leshner, has announced the launch of "Direct Issuance Programs," allowing public companies to raise funds directly from KYC-verified investors by issuing tokenized stocks, with investors paying in stablecoins and instant settlement.

The service will operate on Ethereum and Solana, with the first issuances expected to launch in 2026. The program does not require underwriters and complies with the SEC regulatory framework, aiming to drive on-chain capital markets.