[Superstate Launches On-Chain Direct Issuance Program, Enabling Companies to Raise Funds with Stablecoins for Tokenized Stocks] According to The Block, Superstate, led by Compound founder Robert Leshner, has announced the launch of 'Direct Issuance Programs,' allowing publicly listed companies to issue tokenized stocks directly to KYC-verified investors to raise funds. Investors will pay with stablecoins, enabling instant settlement. The service will operate on Ethereum and Solana, with the first issuance expected to launch in 2026. The program eliminates the need for underwriters, complies with SEC regulatory frameworks, and aims to promote the on-chain transformation of capital markets.