Superstate

Ground, a fintech onchain yield platform, has raised $3.6 million in a pre-seed funding round co-led by Bain Capital Crypto and ParaFi. The company is emerging from stealth mode and aims to help fintechs access onchain yield.

Bitwise has completed the takeover of Superstate's $259M crypto carry fund. The transition grants Bitwise control of a tokenized fund combining crypto carry trades with Treasury and digital asset exposure.

SEC Commissioner Hester Peirce has tempered expectations regarding an exemption for tokenized stocks, proposing a stricter regulatory approach. An executive from tokenization platform Superstate stated this approach would allow DeFi expansion while maintaining traditional capital market protections.

Bitwise is taking over Superstate's $267 million tokenized Crypto Carry Fund, which will be renamed to Bitwise Crypto Carry Fund. The fund will retain its existing ticker, smart contracts, and token address. This change aims to continue the fund's operations under new management.

Bitwise has taken over Superstate's carry fund worth $267 million, marking its entry into tokenization. The takeover is a significant move for Bitwise in the financial sector. This deal highlights the growing interest in tokenization and its potential impact on investments.

Bitwise is taking over Superstate's tokenized crypto carry fund, a move driven by growing demand for actively managed on-chain investment products. This takeover marks Bitwise's entry into tokenized funds. The development signifies expansion in the crypto investment space.

Coinbase is launching a tokenized share class for its Stablecoin Yield Fund via Superstate in Q2. The fund aims to generate yield by lending stablecoins and investing in private credit opportunities.