Compound founder’s firm Superstate raises $14M

Robert Leshner – founder of Compound

Superstatea asset management company founded by Robert Leshner who wants modernize l’infrastructure from investment fundshas just completed a series A from 14 million dollars.

“The future of investment is programmable, compliant and transparent”, according to Robert Leshnerthe founder of the popular Compound decentralized finance protocol.

And to bring his vision of the future of investing to life, earlier this year Robert Leshner created Superstatean entity presented as an asset management company that offers tokenized funds private funds to institutions and designs a framework for public funds.

To date, first-generation tokenized funds are not up to the task; they either operate within private blockchains or exist in offshore entities, removing access to U.S. investors. Superstate aims to bring on-chain benefits to US investors,” explained Leshner.

Wednesday, Superstate has announced that it has closed a $14 million Series A financing round led by Distributed Global and CoinFund. Other backers include Breyer Capital, Galaxy, Arrington Capital, CMT Digital, Hack VC and Modular Capital. The fresh capital will enable the company to recruit new talent and accelerate its projects.

Superstate’s approach to tokenization will bridge the gap between high-quality compliant financial products and the enormous benefits and innovations that DeFi is about to offer traditional finance,” commented CoinFund boss Jake Brukhman in a statement.

Superstate had already raised $4 million last June from ParaFi, Cumberland and 1kx.

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