Tokenization-focused startup Superstate has raised $82.5 million in a Series B funding round, the company announced Thursday, underscoring the growing popularity of bringing traditional Wall Street assets on-chain.
The round was led by Bain Capital’s crypto division and Distributed Global. The funds of numerous prominent crypto investors also participated, including Katie Haun’s Haun Ventures and Mike Novogratz’s Galaxy Digital.
“You can take that money and buy a car or buy a house and leave the system entirely with it,” Leshner said at the time. “I think there’s going to be a lot of really happy investors.”
Crypto-native companies have also jumped into tokenized stocks in recent months, seeking to compete with traditional finance firms over market share of the growing trend.
A report out Wednesday from BlackRock emphasized that as crypto and traditional finance become increasingly intertwined, the financial opportunities within that intersection are becoming increasingly lucrative—and the race to capture that market, more competitive.
