Superstate Industry Council Welcomes Second Cohort of Leading Institutions
We are thrilled to announce the expansion of the Superstate Industry Council (SIC)* with the induction of our second member cohort. This diverse group of institutions joins us in shaping Superstate’s product roadmap and driving the adoption of tokenization within traditional financial services and capital markets.
Introducing the Second Member Cohort
Since the inception of the council in March 2024, dozens of organizations across the ecosystem have seen the efficacy of SIC’s efforts and sought to join the council. SIC is proud to welcome 15 leading institutions to our second member cohort. These members, chosen for their diverse perspectives and expertise, focus on areas across both TradFi and DeFi, including trading, market making, custody, prime brokerage, exchanges, investing, Layer 2s, and interoperability solutions. They include:
Arbelos MarketsArbelos Markets is a principal liquidity provider in crypto derivatives markets. The firm provides liquidity 24/7 across centralized markets, on-chain protocols, and more bespoke hedging and yield generation solutions. They have experience across high-touch franchise trading, financial engineering, and electronic market-making.
Axelar Foundation
Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability network that connects multiple blockchain ecosystems.
Copper.co
Copper.co is a leader in digital asset custody, collateral management, and prime services. Founded in 2018, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.
Flow Traders
Flow Traders is a leading multi-asset market maker founded more than twenty years ago, the firm expanded into digital assets trading in 2017, focusing on centralized exchanges before expanding its operations to include over-the-counter trading, options trading and decentralized finance. Additionally, Flow Traders strategically invests in builders and teams driving the convergence of centralized and decentralized finance.
Flowdesk
Flowdesk is a regulated, full-service digital asset trading and technology firm that specializes in market making, OTC, and treasury management services.
Gemini
Gemini is a global crypto and Web3 platform founded by Cameron and Tyler Winklevoss in 2014. Gemini offers a wide range of crypto products and services for individuals and institutions in over 70 countries. Gemini's simple, reliable, and secure products are built to unlock the next era of financial, creative, and personal freedom.
Hidden Road Partners
Hidden Road Partners is the global credit network for institutions, enabling seamless access to traditional and digital markets. Conflict-free and built on a modern technology stack, Hidden Road removes complexity and cost in prime brokerage, clearing and financing.
Kbit
Kbit is a cryptocurrency-focused investment manager with over $150 million in assets under management and a 7-year track record. They specialize in market-neutral, quantitative strategies that capture market structure inefficiencies including market making, arbitrage, derivative trading, and forecasting.
Laser Digital
Laser Digital is a digital asset business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible engagement in digital assets.
Nonco
Nonco is an institutional crypto trading firm renowned for our distinctive approach. With 10 years of experience in digital assets and trading, their team employs a risk-mitigating, noncustodial strategy that leverages clearing, bilateral, and smart contract settlement capabilities. Their expertise spans across stablecoins, legacy and altcoin execution, specializing in high-frequency, systematic trading strategies.
Offchain Labs
Offchain Labs is a venture-backed, Princeton-founded company that has dedicated over six years to blockchain research and development. As the original contributors to Arbitrum, the leading Ethereum scaling solution, and Prysm, the leading consensus client for Ethereum, Offchain Labs has been instrumental in revolutionizing the industry through groundbreaking advancements in blockchain scalability and efficiency. The team continues to build upon this foundation by innovating and enhancing products such as Arbitrum Orbit, Stylus, Prysm, and Arbitrum Nitro.
Republic Digital
Republic Digital is a world class asset manager focused on liquid markets, starting with their flagship Digital Opportunistic Fund, which invests in 10-15 core investment themes in an actively traded format in a liquid hedge fund strategy. Republic Digital seeks to identify the most attractive risk-adjusted return opportunities across a broad universe of tradeable digital investments through a fundamental and active trading approach.
Steakhouse Financial
Steakhouse Financial is a boutique advisory firm that provides financial consulting services to a variety of DAOs, stablecoins, and other crypto projects.
Wakem Capital Management
Wakem Capital Management is an award winning, pioneering digital asset manager founded in 2018 specializing in targeting absolute returns with low correlation to other markets. The firm is comprised of experienced professionals with decades of experience forged at renowned Wall Street firms. Wakem Capital is a trusted team committed to navigating the world of blockchain technology & crypto currencies with integrity and expertise.
Xapo Bank
Xapo Bank is the first Bitcoin-enabled bank in the world to fully integrate traditional finance with crypto. Founded in 2013, Xapo Bank offers members the best crypto-native banking experience that is secure, accessible and flexible.
Purpose & Impact
Launched in early 2024, the Council initially welcomed over 20 leading institutions from diverse industries, including asset management, venture capital, trading, custody, prime brokerage, and market making. The SIC has been instrumental in shaping Superstate’s suite of products and roadmap for secondary market opportunities. Members contributed to the direction of both the flagship Superstate Short Duration U.S. Government Securities Fund (USTB)** and the Superstate Crypto Carry Fund (USCC)**, which launched in July 2024.
Additionally, SIC members actively advocate for the adoption of tokenization. A recent collaborative effort saw SIC members promote the inclusion of tokenized assets on major institutional exchanges by authoring a letter to key institutional intermediaries. In the letter, SIC members emphasized how supporting high-quality tokenized assets as collateral can enhance risk management and improve capital efficiency, showcasing the Council’s commitment to advancing the real-world asset sector and expanding opportunities across the ecosystem.
This expansion of the Council follows notable use cases executed by SIC members. These include leveraging USTB as collateral both in a bi-lateral trade executed by FalconX and BitGo supporting a tri-party transaction between Nonco and Arbelos Markets. Additionally, USTB was selected by the Arbitrum DAO to diversify 6 million ARB into USTB, enhancing their treasury with uncorrelated, stable yield.
Join the Superstate Industry Council
As Superstate redefines traditional financial infrastructure, the continued growth of the SIC represents a significant milestone for both the Firm and the broader tokenization sector. We are committed to expanding SIC’s membership and broadening our offerings.
To learn more about the Superstate Industry Council and how to become a member, please email [email protected].
Disclosure:
*SIC members’ role is not managerial and input provided will be non-binding and suggestive. No investment advisory services will be provided to Superstate by SIC members in connection to their participation.
**The Superstate Short Duration US Government Securities Fund (USTB) and The Superstate Crypto Carry Fund (USCC) are limited to Investors that meet certain criteria. Investors will be required to provide certain personal and financial information before eligibility to participate in this offering is determined. The information gathered is to ensure compliance with applicable laws including anti-money laundering as well as “qualified purchaser” status, as defined under the Investment Company Act of 1940, and “accredited investor” status, as defined under the Securities Act of 1933. No investment should be made until offering and Fund related documents, which are available upon request, are thoroughly reviewed and understood.
Superstate is currently exempt from registration with the U.S. Securities and Exchange Commission in reliance on the private fund adviser exemption under the Investment Advisers Act of 1940. Information about Superstate can be found by visiting the SEC website www.adviserinfo.sec.gov and searching for our firm name. Neither the information nor any opinion expressed is to be construed as solicitation to buy or sell a security of personalized investment, tax, or legal advice.