Superstate is a financial technology firm reshaping capital markets. Disclosures: https://xitter.cf/t.co/hLBnvGJxoc
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Joined June 2023
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1/ Tokenization is approaching a 1985-style inflection point.
The assets exist. What's missing is the infrastructure to distribute them at scale.
Last time markets solved that problem, trillions followed.
superstate.com/newsroom/toke…
Putting an asset onchain is only the first-order benefit of tokenization. Then the fun begins: the asset can move through DeFi as collateral, access liquidity, and plug into new onchain markets.
Superstate-tokenized assets are built to do this.
Close to $300m in tokenized equities have been deposited into DeFi.
@Uniswap leads the pack with around $70m in tokenized equities.
A fund share doesn't have to do nothing.
Holders are deploying USCC on @aave Horizon as collateral to tap stablecoin liquidity while maintaining their fund exposure.
Keep the fund. Unlock the capital.
Superstate retweeted
.@SuperstateInc USTB and USCC holders can now borrow stablecoins against their fund shares on @aave Horizon.
Citi said collateral mobility is one of tokenization's biggest use cases.
THE WORLD WILL BE TOKENIZED. 🐘
Tokenization expands where fund shares can be put to work. On @aave Horizon, USTB and USCC holders can use their shares as collateral to access stablecoin liquidity.
Regulated funds, connected to onchain credit.
We’ve spent years building the rails for tokenized finance. Now imagine those rails connected to the distribution power of markets.
More investors. More access. A much bigger market.
@hiltnerjim on why distribution is the unlock: youtube.com/watch?v=ojsib_T9…
Tokenized funds are scaling. The infrastructure around them should work alongside the TradFi giants already serving the market.
Superstate FundOS is built to do that.
More on our thinking: superstate.com/newsroom/supe…
Tokenization expands where fund shares can be put to work. On @aave Horizon, USTB and USCC holders can use their shares as collateral to access stablecoin liquidity.
Regulated funds, connected to onchain credit.
New @Citi research positions Aave as a collateral mobility protocol for tokenized capital markets.
It calls collateral mobility one of tokenization’s most important use cases, with Aave able to take on functions that move tens of trillions of dollars in traditional finance.
Tokenization is starting to change how assets move through the financial system, as @business reports.
➕ 24/7 transfers
➕ Broader collateral uses
➕ Onchain finance
Superstate FundOS brings private funds, mutual funds, and ETFs onchain, expanding their reach.
Wall Street’s embrace of blockchain technology is moving beyond merely creating digital versions of stocks, bonds and money-market funds toward a bigger goal: changing how those assets move through the financial system bloomberg.com/news/articles/…
We talk a lot about what can be tokenized.
Not enough about what needs to happen next.
Stocks and funds showed us the playbook: better distribution.
@hiltnerjim on what we can learn: youtube.com/watch?v=JIYkBBrU…
4/ Buying a tokenized fund can still require manual issuer onboarding, KYC, wallet whitelisting, and navigating diverse chains.
Traditional finance grew by making its plumbing invisible.
Tokenization is on the cusp of doing the same.
5/ The next phase will be about making tokenized assets easier to access, use, and distribute.
The lesson from the 1980s: integrate with the platforms, advisors, and custodians that already serve investors.
Meet capital where it lives.
Read more: superstate.com/newsroom/toke…
Nearly 10% of @FWDind stock ($FWDI) is already tokenized on @solana through Superstate.
Stocks should do more than sit. They should work in onchain finance.
See tokenized $FWDI in action on @kamino: kamino.com/borrow/?market=CF…
Superstate retweeted
We asked Robert Leshner (@rleshner), Co-Founder and CEO of @SuperstateInc, about the recent growth of tokenized equities, the value in different architectures, and why institutions should care.
"People are paying too much attention to whatever launched nine hours ago.
Someone makes a new stock token, everyone piles in, and suddenly that's the model. Most of it won't be.
The bigger change is companies upgrading how their securities are issued and recorded, and that takes years. And watch the startups.
Everyone at every conference wants to know what the big incumbents are doing, but the interesting stuff usually comes from somewhere else."
His full insights below. 👇
ETFs made investing simpler. Tokenization can do the same for ETF operations.
➕ Real-time shareholder records
➕ Compliant, programmable share transfers
➕ Less back-office friction
A better way to run funds, not just own them.
See how it works: superstate.com/newsroom/toke…
Thank you, @JonWalch, for everything you’ve built at Superstate. We’re incredibly grateful for your leadership. We wish you all the success in your next chapter.
Next week will be my last week at @SuperstateInc
For over three years, I've had the pleasure of working alongside @rleshner @HiltnerJim @Dean_Swennumson and many others. The engineering org is in a ridiculously strong place, and is stronger than I could have imagined when we started it.
I will continue to cheer for Superstate from the sidelines. Superstate is already positioned to be the most important and impactful tokenized funds and equities company.
Chris Ridmann will be taking over for me as Head of Engineering. Everyone that knows Chris knows he is extremely sharp, kind, hardworking, and curious. He will do an amazing job leading Superstate to continued victory.
I'm going to take some time off and then chew glass with some other challenging task in crypto. 🫡
Stocks trade just 6.5 hours a day. The global economy runs 24/7. IMF research shows that most tokenized equity trading happens outside US market hours.
The future of capital markets is onchain.
More from @IMFNews: imf.org/en/blogs/articles/20…
Building the future of finance takes more than new technology.
Compliance also plays a critical role. Tomorrow, Superstate GC @AlexZozos joins the panel “Compliance, Opportunity and The Price of Admission” at #DCFintechWeek.
📍 World Bank Main Complex, DC
🗓️ Oct. 13, 3–3:30 PM
