Compound Labs founder established the bond fund company Superstate, which has completed seed round financing with participation from ParaFi Capital and others

ChainCatcher news, Robert Leshner, the CEO of the decentralized lending institution Compound, has submitted documents to the U.S. securities regulator to establish a bond fund company called "Superstate," planning to use the Ethereum blockchain as an auxiliary record-keeping tool.

According to the documents, Superstate's fund will invest in "ultra-short government securities," including U.S. Treasury bonds, government agency securities, and other government-backed instruments. The documents state that the fund will rely on a traditional Wall Street "transfer agent" to maintain ownership records of the fund's shareholders, but ownership of certain fund shares will also be recorded on one or more blockchains, initially on the Ethereum blockchain.

Another document submitted by Superstate on June 16 shows that the company also plans to sell $3.75 million worth of "options, warrants, or other derivatives."

In addition, Superstate announced that it has completed a seed funding round, with the specific amount not disclosed. This round of funding was participated in by ParaFi Capital, 1kx, Cumberland, CoinFund, and Distributed Global. (source link)