Superstate Secures 82.5 Million to Move SEC-Registered Equity Issuance to Blockchains
Key Takeaways:Scaling the On-Chain Issuance LayerListing Bell and Public EquitiesIncrease in Tokenized Funds Products
Although equity has taken over the limelight, they are already overloaded with tokenised Treasury. They control more than $1.23B under regulated products. A large portion is occupied by their US Government Securities Fund (USTB), and the more recent Crypto Carry Fund (USCC).
This money is performing well in that bank institutions desire off-chain means of acquiring vintage income. Institutional money is primarily the gateway of Superstate by connecting DeFi and regulated markets. The new money will enable them to expand, deal with a greater volume and diversify their assets.
Read More: $33 Trillion Stablecoin Boom: USDC Leads as Crypto Payments Race Toward $5.6T by 2030
About Author
