Financial technology and tokenization company Superstate raises $82.5 million in Series B round led by Bain Capital Crypto and Distributed Global. Superstate manages over $1.23 billion in assets with two tokenized funds, including a US Government Securities Fund with $794.6 million and a Crypto Carry Fund with $441.9 million. Superstate plans to expand to include SEC-registered equities on Ethereum and Solana.

Superstate secures funding to scale its onchain issuance layer for SEC-registered equities and expand its transfer agent platform and Opening Bell platform. In late 2025, Superstate introduced Direct Issuance Programs for public companies to issue and sell digital shares directly on public blockchains. The company aims to make fundraising and IPOs more efficient and compliant.

Tokenized US Treasury products have surged 50-fold in less than two years, reaching a market capitalization of nearly $7 billion by late 2025. BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) leads the market with close to $2 billion in assets offering tokenized exposure to short-term Treasurys with daily yield and onchain settlement.

Read more at Cointelegraph: Superstate Raises $82.5M to Expand Onchain IPOs and Fundraising