Superstate opens onchain capital raises for SEC-registered public companies

Financial technology firm Superstate has introduced Direct Issuance Programs (DIPs), enabling any SEC-registered public company to conduct capital raises directly on the Ethereum and Solana blockchains. Investors can pay using stablecoins and instantly receive tokenized shares at real-time market prices. This new capability leverages Superstate’s SEC-registered transfer-agent infrastructure to automatically update shareholder registries as tokenized shares move between verified wallets, ensuring compliance with existing securities laws. Co-founder Jim Hiltner noted that while the regulatory ability to issue registered shares isn't new, conducting these offerings onchain is what introduces new operational and economic possibilities. The platform aims to reduce financing costs for issuers through lower underwriting fees and expand global reach, while offering investors instant settlement of newly issued stock directly into their verified wallets. Superstate expects the first public company offerings utilizing this structure to go live in 2026.

(Source：Cointelegraph)