Compound founder and CEO Robert Leshner has Announced the launch of a new company, Superstate (@superstatefunds). “Superstate’s mission is to create regulated financial products that bridge traditional markets and blockchain ecosystems,” Leshner said, signaling a significant change in the financial industry.

“Currently, the main limiting factor for DeFi is that crypto-native assets are the only interoperable assets,” Leshner stated, reflecting on the challenges facing the decentralized finance (DeFi) sector. However, Leshner sees a future where “hundreds of trillions of ‘offline’ assets will find their way to blockchain,” with Superstate spearheading this migration.

Taking a bold first step toward realizing this vision, Superstate has filed a preliminary prospectus with the US Securities and Exchange Commission (SEC) for the Superstate Short-Term Government Bond Fund. “This is the first step in a long journey to improve financial markets,” Leshner announced, suggesting significant changes to financial market systems.

Joining Leshner at this company are industry veterans and former colleagues @rmcuming, @HiltnerJim and @Dean_Swennumson. Together, they previously created and led the Compound Treasury product, providing a solid foundation for Superstate’s ambitious goals.

Superstate’s innovative vision has captured the attention of prominent investors, including Parafi Capital (@paraficapital), 1kx (@1kxnetwork), Cumberland (@CumberlandSays), Coinfund (@coinfund_io) and Distributed Global (@DistributedG), all of whom have Led the seed round of financing. “Thank you to our investors for believing in our vision,” Leshner acknowledged gratefully.

As the DeFi sector expands and evolves, market watchers will be closely watching Superstate’s progress in merging traditional finance with blockchain technology. With Leshner’s new company off to a promising start, the countdown to a new chapter in the blockchain and financial industry has begun.