Superstate secures $82.5 million to scale the issuance of registered shares on SEC in Ethereum and Solana

Source: Yellow Original Title: Superstate raises $82.5 million to scale SEC-registered equity issuance on Ethereum and Solana

Original Link: Tokenization firm Superstate has raised $82.5 million in a Series B round to expand its infrastructure aimed at bringing publicly traded shares to blockchain networks.

The funding, led by Bain Capital Crypto and Distributed Global, comes at a time when institutional interest in real-world assets (RWA) is shifting from experimental pilots to regulated primary issuances.

The company, led by DeFi pioneer Robert Leshner, operates as a transfer agent registered with the SEC and currently manages over $1.23 billion in tokenized assets.

By integrating regulatory compliance directly into smart contracts, the platform enables publicly traded companies to conduct fundraising rounds using stablecoins with instant on-chain settlement.

Eliminating traditional intermediaries

Through its Opening Bell platform, Superstate allows corporations to issue digital shares that confer the same legal rights as traditional shares, while eliminating the standard T+2 settlement delay.

The infrastructure supports both existing share classes and new digital-only securities, which are registered in real-time on public ledgers instead of fragmented legacy databases.

Several companies, including SharpLink Gaming, listed on Nasdaq, and Forward Industries, have already used the platform to tokenize existing shares or plan direct offerings.

Unlike custody wrappers that only track price action, these assets exist natively on-chain, enabling programmable governance and direct shareholder registration via wallets on allowlists.

The shift toward a trillion-dollar market

The capital injection comes at a time when asset managers like BlackRock are prioritizing tokenization to improve transparency and reduce operational costs in global markets.

Consulting firms McKinsey and BCG offer divergent projections for the sector, with conservative estimates placing the tokenized asset market at $2 trillion and more aggressive forecasts reaching $16 trillion by 2030.

Superstate intends to use the new funds to expand its issuance layer on Ethereum (ETH) and Solana (SOL), moving beyond its current Treasury-backed products toward a broader range of SEC-registered shares.

The company’s focus on “compliance by design” addresses the growing demand for on-chain assets that maintain institutional-level protections while benefiting from the 24/7 liquidity of crypto markets.