.jpg){kind=avatar}
A new outfit called the Superstate Industry Council is pledging to make blockchain-based trading of U.S. Treasuries a possibility. The council is anchored by Superstate, a startup founded by Robert Leshner, a one-time bond guy who launched the successful DeFi platform known as Compound. Other members include around 20 established names in crypto, including Uniswap and Coinfund, and a handful of yet-to-be-named firms from the traditional banking sector.
Still, Leshner and his new council will need both patience and luck if they are to turn one of crypto’s favorite pie-in-the-sky use cases into an everyday reality. Let’s check back in a year and see if that long-awaited breakthrough actually arrives this time.
https://fortune.com/crypto/2024/03/07/crypto-finance-firms-blockchain-based-treasury-trading/
