Quick take:
The company plans to use the fresh capital to accelerate its ongoing projects as it seeks to bring WallStreet on-chain through tokenization.
Superstate said it has already tokenized over $1.2 billion in assets since its $14 million Series A raise in November 2023.
The company also built Opening Bell, a platform that enables public companies to tokenize their shares on Ethereum and Solana, as well as raise follow-on capital through Direct Issuance Programs.
Superstate, the real-world asset tokenization platform targeting publicly listed companies, has raised $82.5 million in a Series B round led by Bain Capital Crypto and Distributed Global.
The fundraising also attracted participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Sentinel Global, Bullish, Hypersphere Capital, and Flowdesk, alongside our existing investors, Superstate wrote in an announcement on its website on Thursday.
According to the announcement, the company plans to use the fresh capital to accelerate its ongoing projects as it seeks to bring WallStreet on-chain through tokenization. Supetstate claims to have already tokenized over $1.2 billion in assets since its $14 million Series A announced in November 2023.
The company also built Opening Bell, a platform that enables public companies to tokenize their shares on Ethereum and Solana, as well as raise follow-on capital through Direct Issuance Programs.
“Tokenization is often discussed as a future concept,” the company wrote. “Our view is simpler: the technology now exists to operate capital markets more efficiently, transparently, and globally than today’s systems allow.”
Superstate believes that the next step now is execution, and that this can be achieved by building reliable infrastructure, working within regulatory frameworks, and earning trust over time.
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The post Superstate Secures $82.5M Series B Led by Bain Capital Crypto and Distributed Global appeared first on NFTgators.
