Superstate, a blockchain-focused financial technology company, has launched a new platform that allows U.S. Securities and Exchange Commission (SEC)-registered public companies to issue shares directly to investors on Ethereum and Solana .
Superstate’s new initiative, called the direct issuance program, allows companies to raise capital by selling newly issued tokenized equity in exchange for stablecoins. Investors receive tokenized shares immediately, and the company’s shareholder records are updated in real time through Superstate’s SEC-registered transfer agent infrastructure.
The first issuers are expected to come online next year, the company said.
The move comes as financial institutions and other businesses explore blockchain tracks to improve efficiency, with tokenization receiving increasing attention. In an interview last week, SEC Chairman Paul Atkins said tokenization could “reshape the financial system” in the coming years, highlighting how regulators are opening the door to blockchain as part of the next generation of market infrastructure.
Superstate’s new initiative marks a shift from a traditional financing model, where public companies often rely on banks, underwriters and weeks of paperwork, to a model where businesses can deposit investments directly into crypto wallets. Superstate said the process reduces costs and eliminates delays.
“Now is the time to realign to better serve investors and smaller issuers and clarify that on-chain financing should be possible without ongoing uncertainty,” said Robert Leshner, CEO of Superstate. “If public companies want to raise capital faster, more efficiently, and more globally, primary issuance needs to support a track designed for instant settlement, transparent participation, and compliance, rather than a fixed workaround.”
Superstate’s direct issuance vehicle is built on Opening Bell, a platform for the tokenization of public equity launched earlier this year. Galaxy Digital (GLXY) and Sharplink Gaming (SBET) were among the first companies to use the system and issued versions of their stocks.
Read more: Regulatory fight over tokenization of US stocks escalates, says HSBC
