superstate

According to Cointelegraph, the on-chain IPO issuance platform Superstate has completed a $82.5 million Series B funding round, led by Bain Capital Crypto and Distributed Global, with participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, ParaFi, and several other cryptocurrency-focused investors.Superstate will further advance into the on-chain capital markets, leveraging blockchain technology to innovate the way companies raise funds and go public.

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.

ChainCatcher news, according to The Block, the DeFi lending protocol Spark (part of the Sky ecosystem) announced that it will allocate $100 million from its stablecoin reserves to Superstate's USCC (Crypto Carry Fund) to generate returns through spot-futures basis trading. The current TVL of USCC is approximately $411 million.Previously, Spark mainly generated returns through tokenized U.S. Treasury products such as BlackRock BUIDL and Franklin FOBXX. Superstate claims that USCC has an annualized return of about 8.35% over the past 30 days and operates within a compliance framework; it also manages USTB (tokenized U.S. Treasury fund). This year, Spark has also deployed approximately $1.1 billion to Ethena's USDe/sUSDe and $25 million to the Maple Finance pool.

ChainCatcher news, fintech company Superstate announced today a partnership with the global centralized cryptocurrency exchange Backpack to introduce native tokenized listed stocks into a centralized trading environment for the first time.This collaboration integrates Superstate's on-chain stock platform Opening Bell into the Backpack exchange, allowing Backpack users to trade SEC-registered listed company stocks—rather than tokenized wrapped assets—just like trading and cross-margining cryptocurrencies and stablecoins. These stocks are led by the issuer, have the same CUSIP codes as stocks listed on Nasdaq or the New York Stock Exchange (NYSE), and are issued through Superstate as an SEC-registered transfer agent. This structure provides investors with direct ownership and potential dividends and voting rights, while also laying the groundwork for future DeFi interoperability through the Backpack wallet.Backpack founder and CEO Armani Ferrante stated, "The future of finance is the future of crypto. Bringing Superstate's assets into Backpack takes us one step closer to our goal of becoming the preferred financial services platform for the crypto-native community. By listing real tokenized stocks alongside crypto assets, we provide users with more markets, more opportunities, and more assets, allowing them to trade seamlessly on one platform."With this integration, Backpack becomes the first exchange to support on-chain native trading of SEC-registered stocks backed by issuers, opening a new asset class that combines traditional market compliance with the speed and composability of the crypto market. Backpack and Superstate will announce the first batch of supported tokenized stocks and launch dates in the coming weeks. Backpack has obtained cryptocurrency-related service licenses or authorizations in multiple jurisdictions, covering over 150 countries and regions, and has surpassed $239 billion in trading volume since its launch in 2024.

ChainCatcher news, SharpLink (SBET) posted on platform X stating that it will collaborate with Superstate to issue tokenized SBET shares directly on the Ethereum blockchain. SharpLink will be the first publicly traded company to do so. Both parties will work together to promote the future trading of tokenized public equity in a fully compliant manner on automated market makers (AMM) and other DeFi protocols.

ChainCatcher news, according to The Block, Nasdaq-listed company Galaxy Digital has partnered with Superstate to tokenize its SEC-registered stock GLXY on the Solana blockchain.Shareholders can tokenize GLXY stock through Superstate's Opening Bell platform and transfer it on DeFi platforms, limited to investors who have passed KYC. Superstate claims this is the first instance of a Nasdaq-listed company's stock being directly issued and traded on a public chain.

ChainCatcher news, according to Globenewswire, the self-hosted cryptocurrency platform Exodus Movement, Inc. (NYSE: EXOD) announced a partnership with Superstate to create common stock tokens that digitally represent Exodus's Class A shares on other major public blockchains.Exodus plans to utilize Superstate's stock token issuance platform Opening Bell, which enables companies to create stock tokens on mainstream blockchains, starting with Solana, representing shares in digital form. With Opening Bell, Exodus will be able to issue its common stock tokens on mainstream blockchains to complement its existing Algorand-based common stock tokens and plans to issue common stock tokens on Ethereum and other leading blockchains.

ChainCatcher news, according to market news, Galaxy plans to issue tokenized stock $GLXY and has signed an RWA platform agreement with Superstate, a company owned by Robert Leshner.

ChainCatcher news, according to The Block, the Solana Policy Research Institute, in collaboration with Phantom Wallet, Orca Exchange, and Superstate Protocol, submitted a compliant tokenized securities framework to the U.S. SEC's crypto working group.The proposal suggests allowing traditional assets such as stocks and bonds to be traded on-chain while seeking regulatory exemptions for non-custodial decentralized protocols. The proposal is based on the "Project Open" initiative previously proposed by SPI, aiming to achieve 24/7 operation and instant settlement of capital markets through blockchain technology.SPI emphasizes that decentralized protocols are different from traditional intermediaries and should be granted regulatory exemptions. This submission comes at a time when the SEC's stance on crypto regulation is gradually becoming more open.

ChainCatcher news, Bitget announced a partnership with fintech company Superstate. The two parties will jointly explore and create blockchain-based RWA (Real World Asset) tokenization investment opportunities, promoting the integration of traditional finance and crypto assets.It is reported that Superstate was founded by former Compound founder Robert Leshner, aiming to bring traditional assets into the on-chain world. It has currently launched a short-term government bond fund accessible via Ethereum. In November 2024, Superstate secured $14 million in funding, led by CoinFund and Distributed Global, with participation from Arrington Capital, Galaxy Digital, HackVC, and others.

ChainCatcher news, according to Forbes, "Solana's version of MicroStrategy" Canadian-listed company SOL Strategies announced that it has signed a non-binding memorandum of understanding with fintech company Superstat, planning to explore the issuance of tokens representing common stock on the Solana blockchain through the Superstate platform.SOL Strategies stated that this move aligns with its mission to build institutional-grade infrastructure within the Solana ecosystem, aimed at enhancing market transparency and efficiency. However, the project is currently in the preliminary exploration stage and has not yet engaged with Canadian securities regulators or the Canadian Securities Exchange (CSE), with no clear timeline and no specific direct impact on existing shareholders.

ChainCatcher news, according to CoinDesk, the tokenized treasury products from BlackRock-Securitize, Superstate, and Centrifuge will receive funding allocations from Sky (formerly MakerDAO) as part of a $1 billion investment plan. This plan aims to accelerate the RWA tokenization applications on the DeFi lending platform Spark.According to the allocation scheme, BUIDL, issued by BlackRock and Securitize and backed by U.S. Treasuries and repurchase agreements, will receive a $500 million allocation; Superstate's USTB will receive $300 million; and Centrifuge's treasury fund JTRSY, in collaboration with asset management firms Anemoy and Janus Henderson, will receive $200 million.

ChainCatcher news, according to The Block, Plume Network has partnered with Superstate to broaden access to tokenized financial products. While providing infrastructure for Superstate, Plume Network users will have access to Superstate's Short-Term U.S. Treasury Bond Fund (USTB) and Cryptocurrency Holding Fund (USCC).The announcement states that USTB will "provide access to short-term Treasury bills," while USCC will "provide access to crypto-based strategies for Bitcoin, Ethereum, and U.S. Treasuries."

ChainCatcher news, according to The Block, the tokenization company Superstate announced an upgrade to its USTB fund, introducing a "continuous pricing" feature that allows the fund's net asset value (NAV) to update dynamically. USTB holders will enjoy real-time interest accumulation, avoiding the delays of traditional market settlement cycles, allowing investors to start earning returns from the moment of investment without waiting for the next trading day's NAV update.Superstate founder Robert Leshner stated that this move marks a breakthrough for the company in traditional finance (TradFi), bringing blockchain logic into traditional finance to enhance the fund product experience. In the future, Superstate plans to launch atomic minting and redemption features based on this functionality and achieve instant conversion between USTB and USDC, paving the way for efficient integration of DeFi protocols with T-bills. Currently, USTB manages assets exceeding $145 million, with a seven-day yield of 4.80%.

ChainCatcher news, tokenized asset management company Superstate has launched a new tokenized fund that will generate returns based on a "cash and carry" investment strategy.The USCC token is an ERC-20 token on the Ethereum blockchain that creates returns for holders by purchasing spot Bitcoin and Ethereum, while taking equal-sized short positions or sell operations in BTC and ETH futures. This trading strategy provides a market-neutral position that allows profit from the market without any directional bets on price movements. For example, some hedge funds implement this strategy by purchasing shares of spot Bitcoin ETFs and selling Bitcoin derivatives on the Chicago Mercantile Exchange (CME). Integrating investment strategies like arbitrage trading into digital tokens is a new form of the hot tokenization trend in the cryptocurrency space, placing traditional investments such as bonds, funds, and credit onto the blockchain.Superstate sells futures with specific expiration dates to provide more predictable returns and distributes profits to all token holders. To execute the fund's futures trades, Superstate collaborates with major brokerage firms, while the spot assets are custodied by its partner Anchorage Digital.

ChainCatcher news, based on blockchain, the government bond fund Superstate has launched its first tokenized fund named USTB, which will invest in short-term U.S. Treasury bonds and charge a management fee of 15 basis points. Only qualified purchasers are eligible to acquire USTB. Investors will be able to self-custody their USTB at an address of their choice and can freely use different security implementations, such as multi-signature wallets or multi-party computation (MPC) or traditional externally owned accounts (EOA) to protect their assets. The federally chartered bank Anchorage Digital and BitGo, which provides asset management solutions in addition to storage, will also be custody options.It is reported that Superstate is a blockchain-based government bond fund that uses the Ethereum blockchain as an auxiliary record-keeping tool. Superstate aims to leverage existing U.S. securities regulations to achieve broad global issuance in a fully compliant manner and implement a state-of-the-art tokenization framework, robust DeFi composability, and extensive ecosystem coverage to bring the highest quality yield treasury products to market.

ChainCatcher news, SuperState, founded by the creator of Compound, has completed a $14 million Series A funding round. This round was led by Distributed Global and CoinFund, with participation from Arrington Capital, Breyer Capital, CMT Digital, Department of XYZ, Folius Ventures, Galaxy Digital, HackVC, Modular Capital, Nascent, and Road Capital Management.It is reported that SuperState plans to use this funding to build its team and develop private equity funds, allowing institutional investors to smoothly enter the crypto world. Specifically, they can provide tokenized versions of bonds or other common assets for investors, which can be traded or lent on platforms similar to Uniswap.According to the crypto data platform RootData, SuperState announced in June that it had completed a $4 million seed funding round, with investments from ParaFi Capital, 1kx, Cumberland, CoinFund, and Distributed Global.