Superstate Raises Over $82 Million to Develop Onchain Capital Markets

• The $82.5 million Series B round was led by Bain Capital Crypto and Distributed Global.
• Superstate is expanding its initial coin offering infrastructure on the Ethereum and Solana networks.
• The company’s assets under management exceeded $1.2 billion in tokenized products.

Superstate announced that it has raised $82.5 million in a Series B funding round. The capital will be used to develop infrastructure for issuing and trading shares on the blockchain.

In particular, the funds will be used to expand the company’s activities in primary markets and deepen the integration of tokenization into capital formation processes.

The round was led by Bain Capital Crypto and Distributed Global. Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, Hypersphere Capital, ParaFi, and other investors also participated in the financing. The company’s valuation after the round has not been disclosed.

According to Superstate representatives, the total amount of capital raised exceeded $100 million. The company previously closed a $4 million seed round and a $14 million Series A round.

On Thursday, Superstate also reported that assets under management in its tokenized investment products exceeded $1.2 billion.

The company plans to use the new funding to expand beyond tokenized treasury bonds. The infusion also allows it to scale its issuance of shares on the Ethereum and Solana networks. This involves the development of a regulated infrastructure for issuance, settlement, and shareholder registry maintenance.

At the end of 2025, Superstate expanded its Opening Bell platform. This allowed public companies to issue tokenized shares directly to investors without the involvement of underwriters.

Customers pay for transactions in stablecoins, and the tokens they receive provide the same economic and corporate rights as traditional shares.

Superstate CEO Robert Leshner said the company sees tokenization as the next stage in the evolution of capital markets. According to him, the firm intends to continue investing in engineering, legal, and institutional areas focused on the mass adoption of blockchain infrastructure in public markets.

As a reminder, we wrote that Project Eleven closed a $20 million round for the development of post-quantum cryptography.