Opening Bell
Go public. Onchain.
Superstate Opening Bell enables your company to tokenize stock on Ethereum and Solana, and raise capital with an onchain Direct Issuance Program.
Upgrade your company's shares
A modern path to public markets, powered by tokenization.
Modern SEC-registered transfer agent
Superstate partners with companies to make their shares natively available on Ethereum, Solana, and other major blockchains. Tokenized shares are not derivatives, wrappers, or new share classes.
Access new markets
Tokenized shares can be transferred, traded, and settled in real-time, 24/7/365, in a rapidly growing ecosystem of supported onchain applications.
Built-in compliance
Token-level permissioning, KYC'd wallets, and programmatically-enforced restrictions on every transaction ensure shares comply with applicable regulations.
Real-time shareholder insights
As capital is raised or shares change hands, companies have complete visibility into their investors.
Capital markets, upgraded
Raise capital and grow your investor base with fully programmable stock. Airdrop stock, deliver crypto dividends, and sell tokens directly to investors through a direct issuance program.
DIRECT ISSUANCE
Raise capital directly from global investors
A Direct Issuance Program allows a public company to issue new tokenized shares directly to eligible investors, with purchases executed using real-time market prices and settled in stablecoins. Powered by Superstate's transfer-agent infrastructure, issuers can raise capital in a flexible, cost-efficient format while helping to establish a broader market for tokenized securities.
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Raise capital from new investors and incentivize demand by offering a market-based discount
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Customize key terms—including offering size, investment thresholds, and minimum share-price limits
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Programmatically issue tokenized shares without an expensive underwriter or intermediary
Superstate
Direct Issuance Program
Traditional
At-the-Market (ATM) Offering
Company-led: Shares are offered directly to investors using Superstate's transfer-agent technology
Banker-led: The company must engage a bank to run the ATM program and execute sales
Lower cost of capital: Issuer pays a fixed, predictable administrative fee
High-cost: Banks typically charge 2–3% of capital raised
Low-impact: Purchases occur only at the company's chosen pricing and conditions
High-impact: Continuous bank selling can create downward pressure on the stock price
Tokenize in weeks, not quarters
A company hires Superstate, an SEC-registered transfer agent, to record and tokenize their shares. If the shares are already publicly traded, we work alongside an existing transfer agent and build an interoperable bridge between traditional markets and supported blockchains.
Existing shareholders can migrate their shares from traditional brokerages into Superstate, then tokenize to a wallet of their choice. Issuing a new round? We make it easy to issue shares to large numbers of your shareholders.
Tokenized shares work with any DeFi application that Superstate supports, and companies can customize which applications their shares can interact with.
Superstate maintains an SEC-compliant shareholder registry across book-entry holdings, tokenized holdings, and integrated DeFi protocols — giving companies real-time visibility into their shareholders.
Perform new issuance, splits, and dividends just like traditional stocks. Tokens unlock even more crypto-native functionality like airdrops.
Companies can raise capital from investors through a Direct Issuance Program, with an eligible SEC prospectus. Set the terms, and investors can purchase tokenized shares directly using stablecoins, and without expensive intermediaries.