Superstate

Summary active Updated Apr 14, 2026

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Location San Francisco, California
Founded 2023
Latest Stage Series B
Total Raised $82.5M+

Investors

Mike Novogratz Series B ($82.5M round) (2026)
Katie Haun Series A (2023)
Haun Ventures series-b (2026)
galaxy-digital Series B ($82.5M round) (2026)

Founders

Robert Leshner CEO & Founder

About

Superstate is a San Francisco-based financial technology company building infrastructure to bring traditional financial assets onto public blockchains 1. Founded by Robert Leshner, the creator of Compound Finance, Superstate connects financial assets with crypto capital markets to expand access, improve liquidity, and advance capital formation 2. The company manages over $1.2 billion in assets across its tokenized funds, including USTB (a tokenized T-Bill fund) and USCC (a tokenized crypto basis exposure fund) 2. Superstate also operates Opening Bell, a platform for compliant onchain equity issuance 2.

Funding History

Date Round Amount Lead Co-investors
2026-01-22 Series B $82.5M Bain Capital Crypto, Distributed Global Haun Ventures, Brevan Howard Digital, Galaxy Digital, Sentinel Global, Bullish, Hypersphere Capital, Flowdesk, Intersection, 1kx, ParaFi, Road Capital 1
2026-04-13 Series B (additional close) Undisclosed Invesco Private Capital 2

As part of the Invesco strategic investment, Invesco Advisers will become the investment manager of Superstate’s flagship USTB fund beginning in Q2 2026, marking the first instance of a global asset manager utilizing Superstate’s tokenization and transfer agent tools for fund management 2.

What Investors Say

No verified investor quotes available at this time.

What Founders Say

No verified founder quotes available at this time.

Sources


  1. Decrypt, “Superstate Raises $82.5 Million, Cashing in on Wall Street’s Tokenization Bonanza,” January 22, 2026. https://decrypt.co/355496/superstate-raises-82-5-million-wall-street-tokenization-bonanza

  2. PR Newswire, “Superstate and Invesco Expand Strategic Partnership,” April 13, 2026. https://www.prnewswire.com/news-releases/superstate-and-invesco-expand-strategic-partnership-302739723.html