Superstate co-founder's Ground raises $3.6M pre-seed to pipe onchain yield into fintech apps
What's the deal? Ground has raised $3.6 million in a pre-seed round to help fintechs and asset managers tap onchain yield, the San Francisco company said as it emerged from stealth in June 2026.
The round was co-led by Bain Capital CryptoDealroom has a profile for this one. Try Dealroom → and ParaFiDealroom has a profile for this one. Try Dealroom →, with participation from NascentDealroom has a profile for this one. Try Dealroom →, Robot VenturesDealroom has a profile for this one. Try Dealroom →, Chapter One and Consonant Ventures. The financing was structured as a SAFE with token warrants.
Ground was started by Reid CumingDealroom has a profile for this one. Try Dealroom →, a co-founder of Superstate, the tokenisation firm. Its API lets neobanks, wealth managers and asset managers route customer balances into onchain credit protocols without building their own blockchain integrations.
Why now? Demand for onchain yield is rising as fintechs look for new ways to earn returns on idle balances. Tokenised assets and stablecoins have pulled traditional finance closer to blockchain rails, opening a market for tools that bridge the two.
What could go wrong? Onchain yield products face regulatory scrutiny, and rules around tokenised assets remain unsettled in many markets. Fintechs may also hesitate to route customer funds through crypto infrastructure that is still maturing.
The signal: Investors continue to back the plumbing connecting mainstream finance to blockchain. With Superstate alumni and backers like Bain Capital Crypto and ParaFi involved, the bet is that fintechs want yield without building crypto stacks themselves.
Read more: The Block
