#FundOS

Superstate Hopes Tokenized Equities Trading is Unlocked

Superstate is positioning itself as a leader in the tokenization of issuer-sponsored equities by utilizing a regulatory-first architecture that includes SEC-registered investment advisory and transfer agent capabilities. While the firm has developed integrations with automated market makers (AMMs) to facilitate onchain trading, these features remain inactive due to U.S. regulatory constraints, specifically the trade-through rule under Regulation NMS. This rule currently prevents the use of AMMs for equity trading by mandating that orders be executed at the best publicly displayed price across all venues. Industry experts and Superstate leadership suggest that if the SEC rescinds this rule or provides an innovation exemption, it would unlock significant liquidity for tokenized stocks. Beyond equities, Superstate is actively expanding its FundOS infrastructure, which has already been utilized by Invesco for a tokenized U.S. Treasury fund and by Coinbase Asset Management for the CUSHY stablecoin yield fund. The firm views tokenization as a way to extend the core advantages of ETFs, such as 24/7 creation and redemption processes, onto blockchain platforms. As competition intensifies from players like Securitize and Bullish, Superstate aims to leverage its deep Wall Street relationships to dominate the emerging market for onchain financial products.

marketsmedia.com·2h ago