Superstate Announces Successful Closure of Series A Financing Round
Superstate, an asset management firm, has announced the successful closure of its Series A financing round, raising $14 million. This funding will enable the firm to provide cutting-edge investment solutions to institutional investors and democratize investment opportunities through advanced blockchain tokenization.
Industry Giants Support Superstate’s Vision
The Series A round was co-led by Distributed Global and CoinFund and saw participation from industry giants like Breyer Capital, Galaxy, Arrington Capital, Road Capital, CMT Digital, Folius Ventures, Nascent, Hack VC, Modular Capital, and Department of XYZ. This underscores the broad interest in Superstate’s vision.
Expanding Superstate’s Capabilities
The newly raised capital is earmarked for expanding Superstate’s team, launching private funds for institutional investors, and creating tokenized, publicly registered investment funds. This strategic allocation aims to solidify Superstate’s position as a leader in digital asset management.
Championing Regulated On-Chain Funds
Superstate is championing the creation of regulated, self-custodied on-chain funds that promise exposure to traditional assets through innovative on-chain investment products. These funds capitalize on the speed, programmability, and compliance benefits of blockchain tokenization.
Filing a Draft Prospectus with the U.S. SEC
In June 2023, Superstate took a significant step by filing a draft prospectus with the U.S. Security and Exchange Commission for the Superstate Short-Term Government Bond Fund. This initiative plans to incorporate a secondary record of ownership on the Ethereum blockchain.
Jake Brukhman Expresses Enthusiasm for Superstate’s Approach
Jake Brukhman, Founder & CEO of CoinFund, expressed his enthusiasm for Superstate’s novel approach. He believes that Superstate’s approach to tokenization will bridge the gap between high-quality compliant financial products and the advantages DeFi offers to traditional finance.
Hot Take: Revolutionizing Investment Through Blockchain Tokenization
Superstate’s pioneering efforts in modernizing investment fund infrastructure underscore its commitment to offering investment products that leverage blockchain tokenization’s advantages. To learn more about their offerings for institutional investors, visit Superstate.co.
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