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On January 23, 2026, Eastern Standard Time, the on-chain IPO issuance and financial technology platform **Superstate** announced the completion of **$82.5 million in Series B financing**, with its current **assets under management (AUM) reaching $1.2 billion**. This is not a conceptual project still stuck in the white paper stage, but a compliant company that has registered with the **SEC** in the United States and is attempting to issue "digital stocks" directly on-chain. Superstate deliberately positions itself against traditional IPOs.

This week, in the Eastern Eight Time Zone, one of the main characters in the on-chain securities narrative, **Superstate**, announced the completion of **$82.5 million in Series B financing** (according to a single source), with the disclosed asset management scale exceeding **$1.2 billion** (also according to a single source), rapidly amplifying its presence in the crypto-based financial infrastructure sector. Unlike most "on-chain asset" projects, Superstate's entry point is not the issuance of new tokens, but rather **SEC registration**.

This week in East Eight Time Zone, multiple news stories surrounding Musk's business empire are simultaneously brewing: **SpaceX is reported to be preparing for the largest IPO in history**, with the source coming from a single channel, yet it has already sparked imagination on Wall Street; **Tesla officially announces that its humanoid robot will enter the sales stage**, adding more weight to its AI narrative; concurrently, there are suspicions of insider trading related to **DeFi Technologies' DONT token, which recorded approximately 276 times return in a very short period**.

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On January 22, 2026, at 8:00 AM UTC+8, the fintech company **Superstate**, regulated by the SEC, announced the completion of **$82.5 million in Series B financing**. Coupled with its current **over $1.2 billion in AUM (Assets Under Management)**, this relatively small new player is attempting to leverage a "blockchain IPO platform" to disrupt the underlying infrastructure of Wall Street. Through its **Opening Bell** platform, Superstate's vision is to enable issuers to

In the East 8 Time Zone this week, multiple key narratives overlap within the same time window: suspected insider trading of DONT has sparked controversy on-chain, Elon Musk has once again discussed AI and space exploration while pointing out the theme of "the light of consciousness," the Thai SEC has unveiled a regulatory framework blueprint for digital asset ETFs, the custodian BitGo has landed on the New York Stock Exchange, and the U.S. core PCE data for November has also been released simultaneously. These events collectively outline a complex picture: on one side are opaque transactions, calculations...

This week, in the Eastern Eight Time Zone, asset tokenization company **Superstate** announced the completion of **$82.5 million in Series B funding**, with its assets under management (AUM) disclosed to have exceeded **$1.2 billion**. This set of figures quickly brought it into the spotlight of the on-chain securities narrative. Unlike most teams that only focus on a single tokenization product, Superstate's direction is more ambitious: on one end, it aims to provide a basis for the issuance and circulation of SEC-registered stocks on public chains.

On January 22, 2026, the asset tokenization company **Superstate** announced the completion of **$82.5 million in Series B financing**, led by **Bain Capital Crypto** and **Distributed Global**, with participation from several other crypto investment institutions including **Haun Ventures**. The company currently manages assets exceeding **$1.2 billion**. While disclosing the financing, Superstate unveiled a more disruptive plan: to attempt on **Ethereum and S**.

Bitcoin is not digital gold; the capital overflow effect is limited. Ecological innovation is the fundamental driving force.

On January 22, 2026, the asset management firm **21Shares** officially launched the **21Shares Dogecoin ETF (code: TDOG)** on Nasdaq. This spot product is directly based on DOGE as the underlying asset, attracting simultaneous attention from both the cryptocurrency and traditional financial markets. TDOG is designed as a physically-backed ETF, claiming to hold DOGE in a **1:1 custody**, with an annual management fee of **0.50%**. Investors can access it through traditional brokerage accounts.

On January 22, 2026, at 8:00 PM UTC+8, **21Shares** launched the first Dogecoin spot ETF **TDOG** in the United States. This product, which tracks the price of Dogecoin with a 1:1 physical spot structure, officially began trading in the market. From a meme coin driven by internet memes to appearing in the code list of brokerage trading software in the form of a regulated ETF, Dogecoin has completed a narrative leap. Behind this is traditional finance attempting to use familiar tools to package and吸