Compound founder’s new company SuperState completed $14 million in financing, led by Distributed Global and CoinFund

Odaily News SuperState, founded by the founder of Compound, completed a $14 million Series A financing. The company declined to disclose the valuation of this round. This round of financing was led by Distributed Global and CoinFund, and follows SuperState’s $4 million seed round in June. Superstate plans to use the funds to build its team and develop private equity funds so that institutional investors can smoothly enter the crypto world. Specifically, they could offer investors tokenized versions of bonds or other common assets and trade or lend on platforms like Uniswap. (Fortune)