Superstate raises $82.5M in Series B funding

Tokenization infrastructure asset manager Superstate has raised $82.5 million in a Series B funding round led by Bain Capital and Distributed Global, The Block reported. The round, which also saw participation from Hohn Ventures, Galaxy Digital, and Bullish, brings Superstate's total funding to over $100 million. The company plans to use the new capital to expand its infrastructure beyond its existing tokenized treasury products to issue U.S. Securities and Exchange Commission (SEC)-registered stocks on the Ethereum and Solana networks.