The Chopping Block: RWA Perps Go Parabolic, ClawdBot, & Superstate's $82M Raise

They've completely forgotten about crypto or, like, not forgotten, but they're just like that toy. They've, you know, the Toy Story meme. They just, like, threw away the doll. It feels like I don't wanna play with you anymore. Yeah. Exactly. It feels like that a little bit. Not a dividend. It's a tale of coupon. Now your losses are on someone else's balance sheet. Generally speaking, air drops are kind of pointless anyways. I made the trading firms who were very involved. I like that eat the ultimate, honestly. DeFi protocols are the antidote to this problem. Hello, everybody. Welcome to the chopping block. Every couple weeks, the four of us get together and give the industry insider's perspective on the crypto topics of the day. So quick intro. First, we got Tom, the DeFi maven and master of memes. Hello, everyone. Next, we got Robert, the crypto connoisseur and czar of Super State. Good morning. Next, we got Tarun, the giga brain, and grand poobah at gauntlet. Yo. And finally, I'm Hassid, the head hype man at Dragonfly. We're early stage investors in crypto, but I want to caveat that nothing we say here is investment advice, legal advice, or even life advice. Please see chopping blocks at x y z for more disclosures. So, mister Czar of Super State, congratulations. You got some big news. Super State just announced that they raised 82 and a half million to, quote, unquote, bring Wall Street on chain led by Bain Capital Crypto, Distributed Global, Galaxy Digital, HON Ventures, Brevin Howard. Huge round. Absolutely massive. Talk to us. So first of all, congratulations. Get a little golf clap golf clap there. You know? Beautiful. Wait. No. You don't you don't clap yourself. Oh, you don't think golf when you, like, do the thing? It's it's a big you know, you you you, like, just present yourself to the world. Got it. So, yeah, talk to us talk to us about the raise. Talk to us about what's going on in Super State land, and, obviously, congratulations from from from us. Thank you. Well, Super State last really raised a series a in August 2023. So it's actually been quite some time since we raised capital. Since then, as a company, we were able to prove out the sort of, like, early primitives of tokenization of securities in an issuer first non wrapper model. We launched two funds. Today, USTB is a T Bell fund. USCC is a high yield basis fund. Those are over a billion dollars of AUM, and we've begun to prove out the tokenization of equities. Last year, we brought Galaxy Digital and Sharpen Gaming and Forward Industries. Their shares onto Solana and Ethereum really is a test case to prove out the mechanics of what does it look like to tokenize the security, and what does it look like when it's the same stock that trades on the Nasdaq or or the New York Stock Exchange …