Summary
- Superstate said it raised $82.5 million in a Series B funding round.
- It said the investment brings Superstate’s cumulative funding to more than $100 million.
- The proceeds will be used to expand SEC-registered equity issuance infrastructure on Ethereum (ETH) and Solana (SOL).
According to crypto and digital-asset media outlet The Block on the 22nd (local time), tokenization infrastructure asset manager Superstate raised $82.5 million in a Series B funding round.
The round was co-led by Bain Capital and Distributed Global, with participation from major investors including Coin Ventures, Galaxy Digital, and Bullish. With this investment, Superstate’s cumulative funding has topped $100 million.
Superstate said it plans to use the proceeds to expand infrastructure for issuing U.S. Securities and Exchange Commission (SEC)-registered equities on the Ethereum (ETH) and Solana (SOL) networks, beyond its existing tokenized U.S. Treasury products.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
