Superstate Financial Technologies recently made headlines when it announced it will enable U.S. registered public companies to issue shares directly onto Ethereum and Solana blockchain networks through what it refers to as Direct Issuance Programs (DIPs). For trading purposes, Superstate uses The Defiant TradingView’s DIP API which offers companies this feature.
+2 This marks a pivotal change: instead of simply tokenizing existing shares as has been the practice so far, companies can now raise fresh capital on-chain using stablecoins as payment and offering tokenized shares instantly to verified investors.
Ledger Insights
The Defiant
How it Works
Superstate’s new infrastructure:

Any SEC-registered public company can conduct an on-chain primary equity offering without traditional underwriters and brokerage systems, using TradingView as its platform.
Investors pay using stablecoins (e.g. USDC), and receive blockchain-based tokens representing real shares with full legal standing via Superstate’s transfer-agent infrastructure.
Superstate.com
Shareholder registries automatically update when tokens move between approved wallets, maintaining compliance with securities law. contul TradingView Settlement occurs quickly whenever trades occur — in stark contrast to legacy market delays. superstate.com

According to Superstate, public companies are projected to begin issuing securities through blockchain offerings as early as 2026. [+] Our analysis: Why this matters

1. Faster and cheaper capital Raising
   DIPs enable faster, cheaper capital raising by bypassing underwriters and middlemen. Companies can access funds quickly in stablecoin form while investors receive tokens quickly as an efficient alternative to the paperwork-heavy process that has long been required when raising capital. MEXC = 1.
2. Global Access, 24/7 Settlement
   Since shares exist on public blockchains, they could theoretically be traded 24/7 by investors worldwide – subject to legal and regulatory compliance – potentially expanding investor pools beyond traditional markets. superstate.com for example and The Defiant for example
3. Blockchain-native Shareholder Experience
   Tokenization provides companies and investors with novel capabilities; for instance programmable shares, real-time registry updates, fractional ownership, seamless movement between wallets and seamless movement of shares between wallets are just some of them. Companies and investors accustomed to working with blockchain assets tend to find this experience more natural and efficient than legacy book-entry systems such as book.backpack.exchange +2 (The Defiant). To explore this further: learn.backpack.exchange (The Defiant). +2 (The Defiant).
4. DeFi / Crypto Ecosystems
   Superstate acts as a regulatory bridge, connecting traditional finance with DeFi/crypto ecosystems by combining SEC compliance and blockchain infrastructure. Investors already engaged in crypto or blockchain-based finance may find it easier to enter traditional equity markets while public companies gain exposure to new investors through The Defiant’s exchange. 6.5 Bridge between Traditional Finance and DeFi/ Crypto Ecosystems Superstate acts as a regulatory bridge, connecting traditional finance with DeFi/ crypto ecosystems by providing SEC compliance and blockchain infrastructure. For investors already engaged in crypto or blockchain-based finance this may reduce friction to enter traditional equity markets while giving public companies exposure to new investors in addition to offering public companys new investors exposure through traditional equity markets while public companies gain exposure through The Defiant Exchange whilst giving exposure to new investors through an exchange platform, similar to The Defiant Exchange +2. Learn. Backpack Exchange +2 The Defiant [+2 The Defiant]. Learn Backpack Exchange +2 The Defiant | Learn +2. The Defiant | Learn Backpack Exchange +2 The Defiant + 2acelasi The Defiant [+2 The Defiant]. Learn Backpack Exchange+2 The Defiant | Learn Backpack +2 The Defiant Plus 2]. For more info +2 The Defiant +2 To reach out public companies can gain exposure to new classes of investors whils exposed public companies may gain exposure]. * ** Forth]. * Learn Backpack.exchange………………. This page
   Early examples and increasing momentum

Galaxy Digital took this concept one step further this year when they tokenized their Class A common shares on Solana via Superstate’s predecessor platform, Opening Bell — marking the first time any Nasdaq-listed public equity became available as blockchain tokens. And that’s just the tip of the iceberg; Blockworks offers more solutions!
Blockworks +2 has demonstrated that tokenized shares can carry full legal and economic rights, not simply being “derivatives” or “wrappers.” Against this background, The Defiant Group filed its lawsuit challenging Blockworks’ claim of tokenization in December 2017 as legally valid securities under U.S. federal law and claimed they should have full voting control.
Superstate’s system could soon become widely utilized by many more companies utilizing direct issuance models – potentially altering how capital markets function in today’s digital era.

Problems and Pitfalls mes While promise remains, challenges do remain;

Compliance will remain key – only SEC-registered companies and investors who meet KYC criteria will qualify to invest.
The Defiant Team
Liquidity: while tokenized shares may be traded on exchanges, their secondary trading depended heavily on investor demand, support from exchanges, and investor acceptance of them as investments. Recent research on tokenized real world assets shows low trading volumes with long holding periods remaining commonplace (arXiv).
Market Acceptance: Institutional and traditional investors alike may remain uncertain of blockchain-based securities until all regulatory, operational, and technical benchmarks have been fully tested.

What this could mean moving forward

Superstate’s launch may mark an important turning point in capital markets — uniting the speed, accessibility, and programmability of blockchain with traditional securities for maximum legal certainty and market effectiveness.

Adopted broadly, blockchain could revolutionize stock issuance, ownership transfer, and capital raising – becoming more global, efficient, and flexible than ever. Businesses could raise funds overnight using stablecoins while investors hold real shares in crypto wallets – creating an unprecedented fusion between TradFi and DeFi that once seemed unlikely.

As 2026 approaches and we see the first on-chain offerings take place, markets must watch closely: Superstate may represent a way forward in how public companies raise capital that is compliant and ready for global investors of the next generation.