Superstate, which connects financial assets with digital assets capital markets, has announced the successful close of an $82.5m Series B financing round, led by Bain Capital Crypto and Distributed Global.
The latest round brought in participation from a cohort of strategic investors including Haun Ventures, Brevan Howard Digital, Galaxy Digital, Sentinel Global, Bullish, Hypersphere Capital, Flowdesk and Intersection. Existing backers 1kx, ParaFi and Road Capital also joined the financing.
Since its Series A, Superstate has been developing infrastructure tailored to making the issuance and transfer of tokenised securities efficient, compliant and composable with decentralised finance (DeFi).
The company’s product suite has already seen traction: world-class tokenised funds built on its infrastructure have grown to over $1.2bn in assets under management.
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