Superstate Opens Onchain Capital Raises For Sec-registered Public...

Superstate’s Direct Issuance Programs let SEC-registered companies raise capital on Ethereum and Solana, taking stablecoin payments and issuing tokenized shares instantly.

Financial technology firm Superstate has rolled out a new way for US Securities and Exchange Commission (SEC)-registered public companies to raise capital directly onchain.

Through its Direct Issuance Programs (DIPs), any issuer registered with the SEC can now offer new shares on Ethereum and Solana, with investors paying in stablecoins and receiving tokenized shares instantly at real‑time market prices, according to a Wednesday announcement from Superstate shared with Cointelegraph.

Jim Hiltner, co-founder and head of business development at Superstate, told Cointelegraph, “The regulatory ability to directly issue registered shares isn’t new. What is new is that issuers can now conduct these offerings onchain, which changes what’s possible operationally and economically.”

The launch of DIPs is part of Superstate’s mission to bring compliant public‑market infrastructure onchain. The model uses Superstate’s SEC‑registered transfer‑agent infrastructure to update shareholder registries automatically as tokenized shares move between verified wallets, ensuring issuances comply with existing securities laws.

“Any SEC‑registered public company is able to run an issuer‑led primary offering onchain using this structure,” said Hiltner. “Our infrastructure is live now. Issuers can begin preparing and filing their programs immediately. The first public company offerings are expected to go live in 2026.”

Related: Spark marks first major rotation from US Treasurys into regulated DeFi

DIPs build on a year of onchain expansion for the fintech startup. In May, Superstate launched Opening Bell, a platform designed to tokenize and enable compliant onchain activity for SEC‑registered equities.

In September, SharpLink Gaming, one of the world’s biggest public holders of Ether (ETH), revealed plans to tokenize its common stock through Superstate’s platform. In the same month, Galaxy Digital announced its tokenized public shares on Solana using Superstate’s transfer-agent infrastructure.

The launch of DIPs also lands in a year when other tokenization initiatives are expanding across Ethereum and Solana, such as Franklin Templeton’s move from tokenized money funds to multi‑asset real‑world‑asset (RWA) platforms.

Source: CoinTelegraph