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Superstate Raises $82.5 Million Series B to Scale Regulated Onchain Equity Issuance

The SEC-registered transfer agent plans to expand its Opening Bell platform for onchain direct issuance with stablecoin settlement.

Overview

  • Bain Capital Crypto and Distributed Global led the round, with participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Sentinel Global, Bullish, Hypersphere Capital, and Flowdesk.
  • Funding will accelerate development of infrastructure that lets registered issuers tokenize shares and run onchain Direct Issuance Programs on Ethereum and Solana.
  • Superstate reports more than $1.2 billion in assets across tokenized products and says total disclosed financing now exceeds $100 million.
  • Opening Bell updates shareholder registries in real time as investors pay in stablecoins and receive tokenized shares that can move across supported chains.
  • The company has supported tokenizations for issuers including Galaxy Digital, Solana Company, SharpLink Gaming, and Forward Industries as it shifts from pilots to higher-volume regulated issuance.