#BainCapitalCrypto

Superstate co-founder raises $3.6 million pre-seed for Ground to help fintechs access onchain yield

Ground has officially emerged from stealth mode after securing $3.6 million in a pre-seed funding round co-led by Bain Capital Crypto and ParaFi. The startup aims to bridge the gap between traditional financial markets and decentralized finance by focusing on on-chain yield generation. Co-founded by Robert Leshner, who previously established the RWA-focused firm Superstate, Ground seeks to build infrastructure that allows institutional capital to interact more seamlessly with blockchain-based assets. By leveraging the expertise of its founders and the backing of prominent crypto-native venture firms, the company intends to address current inefficiencies in how yield-bearing assets are managed on-chain. This development highlights the ongoing trend of experienced financial technology leaders transitioning toward RWA tokenization to capture institutional demand. As the RWA sector matures, the entry of specialized infrastructure providers like Ground is critical for scaling the adoption of tokenized financial products. The successful funding round underscores investor confidence in the potential for on-chain yield solutions to become a foundational component of the future financial ecosystem.

The Block·Jun 24