Compound Founder Launches Superstate to Bring DeFi to Mainstream Finance With $14M Raise
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Robert Leshner, founder of Compound, has launched a new company Superstate that aims to bring DeFi tools to mainstream finance.
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Superstate raised a $14 million Series A led by Distributed Global and CoinFund.
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The company plans to offer tokenized versions of bonds and other assets that can be traded on DeFi-style platforms.
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Superstate believes investors today are more open to crypto tools than a few years ago when similar ideas struggled.
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The company aims to launch its first products in early 2023 if it obtains the needed regulatory approvals.