Superstate, a fintech and asset tokenization firm, has raised $82.5 million in a Series B funding round. The round was led by Bain Capital Crypto and Distributed Global, with contributions from Haun Ventures, Brevan Howard Digital, Galaxy Digital, Bullish, and ParaFi. The funds will be used to develop a comprehensive on-chain issuance layer on Ethereum and Solana for SEC-registered stock issuance and trading. Superstate aims to streamline fundraising and IPO processes using blockchain technology. The company, which manages over $1.23 billion in assets and operates two tokenized funds, is an SEC-registered transfer agent. Through its "Opening Bell" platform, Superstate plans to enable publicly traded companies to issue and sell digital shares directly to investors on public blockchains by the end of 2025, facilitating real-time management of issuance, settlement, and ownership records.