Compound founder's new company SuperState completes $14 million financing, led by Distributed Global and CoinFund

ChainCatcher news, SuperState, founded by the creator of Compound, has completed a $14 million Series A funding round. This round was led by Distributed Global and CoinFund, with participation from Arrington Capital, Breyer Capital, CMT Digital, Department of XYZ, Folius Ventures, Galaxy Digital, HackVC, Modular Capital, Nascent, and Road Capital Management.

It is reported that SuperState plans to use this funding to build its team and develop private equity funds, allowing institutional investors to smoothly enter the crypto world. Specifically, they can provide tokenized versions of bonds or other common assets for investors, which can be traded or lent on platforms similar to Uniswap.

According to the crypto data platform RootData, SuperState announced in June that it had completed a $4 million seed funding round, with investments from ParaFi Capital, 1kx, Cumberland, CoinFund, and Distributed Global.