The $700T blueprint, with Robert Leshner, Co-Founder and CEO of Superstate

Robert Leshner, Superstate co-founder and CEO, at publication

2026-04-28 · Marc Baumann and Sangam Bharti

Robert Leshner discusses the transition from building Compound to developing Superstate's tokenization infrastructure. The conversation examines tokenized funds, Opening Bell, institutional partnerships and the use of tokenized shares in decentralized finance. It offers a founder's explanation of how securities and on-chain infrastructure might connect. The market-size framing in the episode title is part of that thesis, while individual products and partnerships require their own dated evidence.

In this conversation

• Superstate and tokenized funds
• Opening Bell
• Securities and on-chain collateral

Listen on the original episode page →

The public feed contains an audio preview. Full listening and access options are available on the original episode page.

Watch the conversation on YouTube →

Chapters

1. 00:00 — Why Institutions Came for Tokenization
2. 03:05 — What SuperState Actually Does
3. 07:57 — How SuperState Differs From Other Players
4. 12:50 — Where We Are in the Tokenization Race
5. 17:54 — Inside the Invesco Partnership
6. 22:12 — What Tokenized Funds Unlock
7. 29:14 — Opening Bell Explained
8. 32:16 — How This Differs From ICOs
9. 34:07 — Tokenized Shares as DeFi Collateral
10. 35:54 — Regulation, Project Crypto and Clarity Act
11. 40:01 — Message to Corporate Leaders

Chapter labels and timestamps follow the publisher’s episode notes.