Superstate Co-Founder's New Project Ground Completes $3.6M Pre-Seed Round

CoinFeed June 25 news, according to The Block report, Ground, founded by Superstate co-founder Reid Cuming, completed a $3.6 million Pre-Seed funding round, co-led by Bain Capital Crypto and ParaFi, with participation from Nascent, Robot Ventures, Chapter One, and Consonant Ventures. The financing structure was a SAFE plus token warrants, valuation undisclosed, and no investors received board or advisory seats. Ground also came out of stealth mode and officially launched its platform. Ground provides API services to help fintech companies, neobanks, wealth management institutions, and asset managers access on-chain yield products within their existing applications, without needing to develop blockchain integrations themselves.