PANews reported on January 22nd, citing Cointelegraph, that fintech and asset tokenization company Superstate announced the completion of an $82.5 million Series B funding round, led by Bain Capital Crypto and Distributed Global, with participation from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, and ParaFi. The company plans to use this funding to build a complete on-chain issuance layer on the Ethereum and Solana blockchains for issuing and trading stocks registered with the U.S. Securities and Exchange Commission (SEC). Its goal is to leverage blockchain technology to make the company's fundraising and IPO processes more efficient.

Superstate currently manages over $1.23 billion in assets and operates two tokenized funds. As an SEC-registered transfer agent, the company, through its "Opening Bell" platform, has been supporting publicly traded companies to issue and sell digital shares directly to investors on public blockchains by the end of 2025, enabling real-time management of issuance, settlement, and ownership records.