Founder of Compound launches new financial company Superstate, completes seed round financing.

BlockBeats reported on June 29th that Robert Leshner, the founder of Compound, announced the establishment of a new company called Superstate. The company aims to create regulated financial products that connect traditional markets with the blockchain ecosystem. Superstate will use the Ethereum blockchain as an auxiliary recording and storage tool to create short-term government bond funds. The team has submitted a preliminary prospectus for the Superstate short-term government bond fund to the US Securities and Exchange Commission on Monday. Superstate has completed its seed round of financing, and the specific financing amount has not been disclosed yet. ParaFi Capital, 1kx, Cumberland, CoinFund and Distributed Global have all participated in this round of financing.