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Ex-ClearBank CEO backs Superset’s $4M for onchain FX layer

Superset team
Image credits: Superset

Superset, the Unified Liquidity Execution layer for stablecoins, tokenised deposits, and on-chain FX, has closed a $4 million seed round. The investment came from 7RIDGE and Exponential Science Capital. Superset is currently working with liquidity providers, market makers, stablecoin issuers, aggregators, and wallets in preparation for its broader rollout.

Solving fragmented liquidity across chains

Disclosing the challenge that Superset resolves, “The stablecoin market is massive and scaling fast, but it is structurally fragmented. That’s what Superset is here to solve. The stablecoin market cap today is over $300 billion. Transaction volumes reached $33 trillion in 2025, up 72% year over year. Pantera projects that stablecoins will have a path to more than $2 trillion in circulation in the long term. Yet all of this activity is scattered across 30+ chains with no unified execution layer.”

Superset’s solution is a Unified Liquidity Execution layer, a new execution primitive that virtualises liquidity across chains. Instead of isolated pools on each blockchain, Superset coordinates pricing, risk, and liquidity from a single source of truth. This allows identical liquidity to be available everywhere at once.

The architecture delivers consistent pricing, reduced operational friction, and far more efficient use of capital. By consolidating fragmented markets into a single environment, Superset aims to remove one of the biggest structural inefficiencies in the stablecoin economy.

Access for liquidity providers, treasuries and traders

Charles McManus, co-founder and former CEO of ClearBank, joins Superset as Chairman and investor, alongside a Co-CTO who previously served as a JPMorgan Executive Director overseeing blockchain infrastructure, including Quorum and JPM Coin.

Superset opens the door to a wider class of market participants. Liquidity providers can earn yield from aggregated, multi-chain trading volume, avoiding the limits of chain-specific pools. Treasuries with lower risk tolerance can engage through single-sided positions, without exposure to impermanent loss.

Traders benefit from consistent execution quality across chains, removing the unpredictability of cross-chain slippage. Meanwhile, stablecoin issuers gain a clearer path to launch on additional networks without fracturing liquidity with every expansion.

This unified design rewires how stablecoin markets operate and could shift participation from speculative players toward institutions managing real on-chain flows.

What about diversity?

Detailing the diversity to TFN, Superset, they stated they are a culturally and professionally diverse team. “Our team members are from the US, the UK, Ireland, Romania, Malaysia, Vietnam, and India. They bring experience spanning traditional finance, crypto, AI, and international development, including work with organisations such as the United Nations.”

They added, “We represent a wide range of nationalities, career paths, and stages of experience. What unites the team is a shared focus on solving real-world FX and settlement challenges by bringing global liquidity on-chain.”

Prepared for broad ecosystem rollout

Superset is now working with liquidity providers, market makers, stablecoin issuers, aggregators, and wallets ahead of a wider release. The goal is to establish itself as the stablecoin economy’s foundational execution layer, one market, accessible from every chain.

Its promise is straightforward but ambitious: institutional-grade execution at scale, predictable pricing, and seamless cross-chain settlement. In a landscape where capital efficiency and reliable market infrastructure are becoming non-negotiable, Superset positions itself as the connective tissue for on-chain FX.

With traditional finance leaders backing its vision and a technical model designed for global interoperability, Superset aims to redefine how digital dollars and tokenised assets move across blockchain ecosystems.

What’s next for 12 months?

The company stated that it plans to launch the Mainnet on EVM chains in the first quarter of this year. In Q2 2026, they will scale TVL. In the future, they plan to introduce multi-chain support and continue to scale TVL.

“Stablecoins have emerged as the foundational infrastructure for modern global finance, but the way liquidity is managed today can’t scale on an institutional level,” said Neil Staunton, CEO and co-founder of Superset. “Superset brings operational and capital efficiency to on-chain markets by unifying liquidity into a single shared market. Instead of pre-funding every chain, liquidity providers can deploy capital once and access volume and yield wherever trading occurs.”

“Onchain markets won’t reach institutional scale unless liquidity becomes more efficient, transparent, and predictable,” said McManus. “Superset is addressing one of the hardest infrastructure challenges in on-chain finance in a way that reflects how real FX and payments markets actually function.”

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