{"id":80947,"date":"2023-06-29T12:37:52","date_gmt":"2023-06-29T09:37:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80947"},"modified":"2025-09-11T20:01:37","modified_gmt":"2025-09-11T17:01:37","slug":"compound-chief-executive-to-launch-ethereum-fund-focused-on-u-s-treasury-securities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/compound-chief-executive-to-launch-ethereum-fund-focused-on-u-s-treasury-securities\/","title":{"rendered":"Compound chief executive to launch Ethereum fund focused on U.S. Treasury securities"},"content":{"rendered":"<p>Founder of the crypto-lending platform Compound, Robert Leshner<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1982577\/000110465923074744\/tm2319534d2_n1a.htm\"> filed an application<\/a> with the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> to launch a fund focused on investments in U.S. Treasury securities.<\/p>\n<p>The structure will include a traditional transfer agent to track holders via the Ethereum network as an additional source.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe adviser believes that an integrated blockchain-based accounting system can deliver operational efficiency and improve the shareholder experience without adversely affecting service quality. In the future, the fund&#8217;s shares may be available for purchase, sale, or transfer from one owner to another through the use of secondary entries on the network,\u201d<\/em> \u2014 the document states.<\/p>\n<\/blockquote>\n<p>The latter refers to reconciling the &#8220;official transfer-agent registry with blockchain data to effect any peer-to-peer stock transfers&#8221;.<\/p>\n<p>The fund will be founded by the organization Superstate.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe company&#8217;s mission is to create regulated financial products that connect traditional markets and blockchain ecosystems. This is the first step on a long road to modernization,\u201d<\/em> \u2014 Leshner commented.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Today, I&#8217;m excited to announce the founding of a new company, <a href=\"https:\/\/twitter.com\/superstatefunds?ref_src=twsrc%5Etfw\">@superstatefunds<\/a><\/p>\n<p>Superstate&#8217;s mission is to create regulated financial products that bridge traditional markets &#038; blockchain ecosystems.<\/p>\n<p>\u2014 Robert Leshner (@rleshner) <a href=\"https:\/\/twitter.com\/rleshner\/status\/1674096068366147587?ref_src=twsrc%5Etfw\">June 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In addition to U.S. Treasury bills, the fund will also invest in agency securities and other state-backed instruments. The structure will focus on short-term instruments.<\/p>\n<p>Initially, Superstate plans to sell securities<a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1981398\/000198139823000001\/xslFormDX01\/primary_doc.xml\"> worth $3.75 million<\/a>.<\/p>\n<p>The initiative was supported by Parafi Capital, 1kxnetwork, Cumberland, CoinFund, Distributed Global, which participated in the seed round of the organization.<\/p>\n<p>Leshner estimated hundreds of trillions of dollars of assets that are offline could be registered on the blockchain. He added that DeFi currently restricts itself to crypto-native instruments.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">The primary limiting factor to DeFi is that crypto-native assets are the only interoperable assets.<\/p>\n<p>But eventually, hundreds of trillions of &#8216;offline&#8217; assets will find their way onto blockchains.<\/p>\n<p>We plan to facilitate that migration.<\/p>\n<p>\u2014 Robert Leshner (@rleshner) <a href=\"https:\/\/twitter.com\/rleshner\/status\/1674096069632839682?ref_src=twsrc%5Etfw\">June 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following the news, Compound&#8217;s utility token rose 7.8%, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/compound\">CoinGecko<\/a>. It has risen 52.4% over the past week.<\/p>\n<p>In June, the DeFi platform <a href=\"https:\/\/forklog.com\/en\/news\/what-are-makerdao-mkr-and-the-dai-stablecoin\">MakerDAO<\/a> increased the amount of U.S. Treasury bonds in its reserves <a href=\"https:\/\/forklog.com\/en\/news\/makerdao-increases-holdings-in-us-sovereign-debt-to-1-2-billion\"> from $500 million to $1.2 billion<\/a>.<\/p>\n<p>Earlier, Leshner<a href=\"https:\/\/forklog.com\/en\/news\/compound-founder-warns-of-armageddon-for-the-crypto-industry-amid-u-s-regulators-actions\"> warned of an \u201cArmageddon\u201d<\/a> in the crypto industry due to actions by U.S. regulators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founder of the crypto-lending platform Compound, Robert Leshner, filed an application with the SEC to launch a fund focused on investments in U.S. Treasury securities.<\/p>\n","protected":false},"author":1,"featured_media":80948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1494,46,1285,1211,1490],"class_list":["post-80947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-compound-comp","tag-ethereum","tag-funds","tag-stock-market","tag-us-treasury"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=80947"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80947\/revisions"}],"predecessor-version":[{"id":80949,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/80947\/revisions\/80949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/80948"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=80947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=80947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=80947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}