Fundraising Fox

Superstate’s

New York, US · 20 known investors

Superstate provides tokenized real-world assets, including legally issued public-company equities and yield-bearing funds, held onchain in investors' own wallets. It serves institutional and qualified-purchaser investors through an onboarding and portfolio-management portal that connects to DeFi protocols on Ethereum, Solana, and Plume.

Also known as Superstate Inc.

Founders & leadership

DSDean Swennumson
Dean Swennumsonin𝕏Co-Founder, Head of OperationsCo-founder & Head of Operations at Superstate
RL
Robert LeshnerCo-founder & Chief Executive Officer
JHJim Hiltner
Jim Hiltnerin𝕏Co-founder & Head of Business DevelopmentCo-founder & Head of Business Development at Superstate
JWJon Walch
Jon Walchin𝕏Head of EngineeringHead of Engineering at Superstate
ECEmily Coleman
Emily ColemaninHead of Marketing & CommunicationsHead of Marketing & Communications at Superstate
AZAlex Zozos
Alex ZozosinGeneral CounselGeneral Counsel at Superstate

Investors · 20

Funding

SEC filings, press & company announcements

$164.5M disclosed across 2 of 3 rounds · 2026

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Superstate provides infrastructure for moving funds and stocks onto public blockchains, connecting securities with crypto capital markets for global, around-the-clock access and DeFi use cases. Its FundOS product is aimed at asset managers who want to tokenize existing private funds, mutual funds and ETFs on compliant rails, with features such as continuous access, stablecoin integration and broader utility for deployed capital. Tokenized funds listed on the platform include the Invesco Short Duration US Government Securities Fund (USTB) and the Bitwise Crypto Carry Fund (USCC).

A second product line, Opening Bell, tokenizes company stock and enables capital raising on Ethereum and Solana. Superstate states that tokenized shares issued through Opening Bell are the same shares that trade on traditional exchanges such as Nasdaq or NYSE, rather than derivatives, wrappers or new share classes. Companies listed in this program include Galaxy Digital Inc. (GLXY) and Forward Industries, Inc. (FWDI). Investors can use the platform to access yield-bearing tokenized funds and tokenized shares of listed companies.

Business model

Superstate operates a platform used by asset managers to tokenize fund products and by companies to tokenize shares and raise capital, while offering investors access to the resulting tokenized funds and equities.

Full profile — market position, technology, go-to-market

Market position

Superstate positions itself around the growth of onchain capital markets, which it describes as having scaled to hundreds of billions of dollars, and works with established asset managers and listed companies such as Invesco, Bitwise, Galaxy Digital and Forward Industries.

The company emphasizes that its tokenized equities represent the same shares traded on traditional exchanges rather than derivatives or wrappers, combined with built-in compliance controls at the token level and direct issuance without intermediaries.

Technology

The platform issues tokenized securities on public blockchains including Ethereum and Solana, with token-level permissioning, allowlisted wallets and programmatically enforced transfer restrictions applied to every transaction, enabling peer-to-peer transfer and instant settlement within a compliant framework.

Go-to-market

Superstate markets two product lines directly to issuers: FundOS for asset managers upgrading existing funds onto onchain rails, and Opening Bell for companies tokenizing stock and raising capital, including a Direct Issuance Program in which issuers set terms, investors receive tokenized shares and ownership is recorded on public blockchains through an SEC filing.

Asset managers with existing private funds, mutual funds and ETFs; companies seeking to tokenize shares and raise capital; and investors in supported jurisdictions seeking yield-bearing tokenized funds or tokenized equities.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Superstate’s do?
Superstate is a tokenization platform that brings funds and public company shares onchain for 24/7 compliant trading.
Who founded Superstate’s?
Superstate’s was founded by Dean Swennumson, Robert Leshner, Jim Hiltner.
Who are Superstate’s's investors?
Superstate’s's investors include 1kx, Arrington Capital, CoinFund, Bain Capital Crypto, Brevan Howard Digital, Breyer Capital, Distributed Global, Flowdesk and 12 more.
How much funding has Superstate’s raised?
Superstate’s has disclosed $164.5M raised across 2 of its 3 known rounds.
Where is Superstate’s headquartered?
Superstate’s is headquartered in New York, US.