• Superstate’s DIPs allow real-time issuance of registered shares on blockchain networks.

• Investors receive tokenized shares immediately upon stablecoin transactions, ensuring instant settlement.

• The tokenized real-world asset market reached over $24 billion by Q3 2025, with Ethereum and Solana leading activity.

Discover how Superstate’s Direct Issuance Programs revolutionize onchain capital raising for SEC-registered firms using Ethereum and Solana. Learn benefits for issuers and investors today.

What Are Superstate’s Direct Issuance Programs?

Superstate’s Direct Issuance Programs (DIPs) represent a groundbreaking platform that permits U.S. Securities and Exchange Commission (SEC)-registered public companies to conduct capital raises directly on blockchain networks such as Ethereum and Solana. These programs facilitate the issuance of new shares in exchange for stablecoin payments, delivering tokenized shares to investors at real-time market prices without traditional intermediaries. This innovation enhances operational efficiency and reduces costs while maintaining full compliance with securities regulations, as announced by Superstate officials.

How Do Direct Issuance Programs Work on Ethereum and Solana?

Superstate’s DIPs leverage the company’s SEC-registered transfer-agent infrastructure to automate shareholder registry updates as tokenized shares transfer between verified wallets. Issuers structure offerings under existing SEC registrations, receiving stablecoin proceeds directly into their wallets while distributing shares instantly. This process ensures real-time settlement and preserves ownership records’ integrity. According to Jim Hiltner, co-founder and head of business development at Superstate, the regulatory framework for direct issuance of registered shares is established, but onchain execution introduces unprecedented operational and economic advantages. Hiltner emphasized that any SEC-registered public company can initiate issuer-led primary offerings using this structure, with infrastructure already operational for immediate preparation and filing. The first such public company offerings are slated to launch in 2026. This model integrates blockchain’s instant settlement with traditional securities law, blocking non-compliant transactions automatically. Expert analyses from financial technology sectors highlight that such platforms could significantly lower financing costs by minimizing underwriting and distribution fees, while expanding access to global investors. Data from blockchain analytics firms indicate that tokenized assets on public chains like Ethereum and Solana have grown rapidly, underscoring the timeliness of Superstate’s approach.

Expanding Superstate’s Onchain Ambitions

Financial technology firm Superstate continues to pioneer compliant infrastructure for public markets on blockchain. The introduction of DIPs follows a series of strategic expansions in the onchain space. Earlier in May 2025, Superstate unveiled Opening Bell, a dedicated platform for tokenizing SEC-registered equities and enabling regulated onchain trading activities. This initiative laid the groundwork for seamless integration of traditional securities with decentralized networks.

Source: Superstate

Building on this momentum, SharpLink Gaming, a major public holder of Ether (ETH), announced in September 2025 its intention to tokenize its common stock via Superstate’s platform. Similarly, Galaxy Digital disclosed plans to issue tokenized public shares on Solana, utilizing Superstate’s transfer-agent services. These developments align with broader trends in asset tokenization. For instance, Franklin Templeton has progressed from tokenized money market funds to comprehensive multi-asset real-world asset (RWA) platforms on Ethereum and Solana. Market data reveals that the tokenized RWA sector on public blockchains exceeded $24 billion in value by the third quarter of 2025, with Ethereum and Solana capturing more than half of all RWA transactions. Reports from industry trackers like CoinShares project continued growth into 2026, particularly for tokenized U.S. Treasurys, signaling a maturing ecosystem for onchain financial products. Superstate’s efforts demonstrate deep expertise in bridging regulated finance with blockchain, as evidenced by its adherence to SEC standards and partnerships with established firms.

A New Channel for Issuers and Investors

Superstate’s DIPs open innovative pathways for both issuers and investors in the capital markets. For companies, the platform supports standard SEC-compliant offerings, allowing direct receipt of stablecoin funds and immediate distribution of tokenized shares to eligible participants. Each transaction triggers an automatic update to the shareholder registry, ensuring accurate and tamper-proof records. Hiltner notes that this setup reduces reliance on costly intermediaries, potentially lowering overall financing expenses and broadening investor outreach worldwide.

From an investor perspective, DIPs provide retail and institutional buyers with direct access to newly issued stock, often at prices below traditional exchange levels. Shares settle instantly into personal wallets, combining the speed of blockchain with regulatory safeguards. “This combines regulatory compliance with onchain execution,” Hiltner explained. “If an investor meets all requirements, they can participate; if not, the system blocks the transaction.” This automated compliance mechanism upholds securities laws while harnessing crypto’s efficiency. Broader implications include enhanced liquidity for tokenized assets and greater democratization of investment opportunities. As Superstate’s infrastructure matures, it positions onchain capital markets as a viable alternative to legacy systems, with potential applications extending beyond equities to other regulated assets.

Frequently Asked Questions

What Makes Superstate’s Direct Issuance Programs Compliant for SEC-Registered Companies?

Superstate’s DIPs ensure compliance by utilizing its SEC-registered transfer-agent services to handle shareholder registries and verify investor eligibility. Transactions on Ethereum or Solana only proceed if all regulatory criteria are met, automatically updating records in real time without manual intervention, thus adhering to U.S. securities laws.

Can Investors Buy Tokenized Shares Through Superstate’s Programs Using Stablecoins?

Yes, investors can purchase newly issued tokenized shares directly from SEC-registered companies via stablecoin payments on Ethereum and Solana. This process delivers shares instantly to verified wallets at market prices, offering a seamless experience for both individual and institutional participants who qualify under regulations.

Key Takeaways

• Onchain Capital Raising: Superstate’s DIPs enable SEC-registered firms to issue shares directly on Ethereum and Solana, accepting stablecoins for instant tokenized delivery.
• Cost and Efficiency Gains: By eliminating traditional intermediaries, issuers benefit from reduced fees and faster settlements, while maintaining full regulatory compliance.
• Market Growth Insight: With tokenized RWAs surpassing $24 billion in 2025, DIPs position Superstate at the forefront of blockchain’s integration with public markets—explore opportunities as launches approach in 2026.

Conclusion

Superstate’s Direct Issuance Programs mark a pivotal advancement in onchain issuance of tokenized shares for SEC-registered companies on Ethereum and Solana, merging regulatory compliance with blockchain’s speed and transparency. As the tokenized real-world asset market expands, these initiatives promise lower costs, instant settlements, and wider access for investors. Looking ahead, the anticipated 2026 rollout of public offerings could reshape capital markets, encouraging issuers to adopt onchain strategies for sustained growth and innovation.