Superstate Industry Council is welcoming the second cohort of institutions.
This diverse group of institutions joins them in “shaping Superstate’s product roadmap and driving the adoption of tokenization within traditional financial services and capital markets.”
Since the council’s inception 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 their 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 Markets
Arbelos 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 firm focused on 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 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 known for their 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 an 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.”
For a complete list of firms / organizations joining this initiative, check here.
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.”
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.”