Superstate is a issuance platform firm based in New York, NY that superstate is a us-based issuer of tokenized investment funds and on-chain securities, founded in 2023 by robert leshner, co-founder of compound. its products include the short duration us government securities fund (ustb), a crypto basis fund, and the opening bell platform for issuing sec-registered public equity shares on ethereum and solana. superstate advisers llc is an sec-registered investment adviser and superstate services llc is an sec-registered transfer agent. the firm raised an 82.5 million dollar series b and reported roughly 1 billion dollars in combined fund aum in 2025. headquartered in new york with a san francisco office. They serve clients in US. Superstate is listed on The Token Playbook's vetted provider registry at thetokenplaybook.com/registry/superstate.