Superstate
Coverage of Superstate in the Nexus archive.
- Bitwise mulls tokenizing its Solana staking ETF via Superstate partnership
Bitwise is considering tokenizing its Solana staking ETF through a partnership with Superstate. Shares held in this tokenized form would maintain the same rights as those in book-entry form but would not be freely transferable outside of the system.
- Cantor Fitzgerald eyes blockchain-based IPO shares in new tie-up with Securitize
Cantor Fitzgerald has partnered with Securitize to issue blockchain-native shares for IPOs, contrasting with the wrapper model used by firms like Robinhood. The partnership aims to leverage Securitize's compliance-focused blockchain technology, which allows companies direct control over tokenized shares, and anticipates growing demand from crypto-native founders.
- Superstate co-founder raises $3.6 million pre-seed for Ground to help fintechs access onchain yield
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 completes takeover of Superstate's $259M crypto carry fund
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's Peirce tempers expectations over tokenized stocks exemption
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 to take over Superstate’s $267 million tokenized Crypto Carry Fund
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 enters tokenization in takeover of Superstate’s $267 million 'carry fund'
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 enters tokenized funds via Superstate’s crypto carry vehicle
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’s ‘CUSHY’ stablecoin fund to launch tokenized share class via Superstate in Q2
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.