DeFi Pioneer Leshner Launches ‘Superstate’ to Invest in Government Securities
Robert Leshner, the founder of DeFi lending protocol Compound, has established a new company aimed at investing in short-term government securities
It will allocate 95% of its assets to U.S. Treasuries, government securities, collateralized repurchase agreements & similar instruments.
The filing, made on June 26 with the SEC, shows that Superstate’s fund will invest in ‘ultra-short duration government securities’, including U.S. Treasury bonds, government agency securities, and other government-backed instruments
While the fund will not directly invest in blockchain-based assets such as tokens and cryptocurrencies, it will adopt the blockchain as a record-keeping tool to monitor the shared ownership of specific stakeholders
