Compound founder’s new company Superstate completes US$14 million in financing, led by CoinFund and Distributed Global

On November 15th, according to Coindesk, blockchain-based asset management company Superstate completed a $14 million financing round, led by CoinFund and Distributed Global, with participation from Arrington Capital, Breyer Capital, CMT Digital, Department of XYZ, Folius Ventures, Galaxy Digital, HackVC, Modular Capital, Nascent, and Road Capital Management.
Superstate focuses on developing regulated and compliant investment tools using public blockchains accessible to US investors. The company is led by Robert Leshner, founder of DeFi lending platform Compound, and has designated the funds for team expansion, creating private funds for institutional investors, and developing a framework for tokenized public funds.