Tokenisation firm Superstate has raised $82.5m in a Series B funding round to expand its blockchain-based capital markets platform.
The round was led by Bain Capital Crypto and Distributed Global with participation from several crypto-focused investors.
Superstate said the funding will support efforts to modernise how companies raise capital and go public using public blockchains.
“This year, tokenisation will catalyse the transformation of capital markets,”
Robert Leshner said, adding that the funding would accelerate product and team growth.
The company currently manages more than $1.23bn in assets across two tokenised investment funds.
Most of the assets sit in Superstate’s US Government Securities Fund, with the remainder held in its Crypto Carry Fund.
Superstate plans to build a full onchain issuance layer for SEC-registered equities.
The platform will support regulated share issuance on Ethereum and Solana.
The New York-based firm also plans to expand its transfer agent platform and Opening Bell product for tokenised public equities.
In late 2025, Superstate enabled public companies to issue and sell digital shares directly on public blockchains.
The firm said onchain issuance would allow real-time settlement and ownership updates while remaining compliant with US securities rules.
The announcement comes as tokenised US Treasury products continue to see rapid growth across capital markets.
At the time of reporting, Ethereum price was $2,949.66.