Superset

What Superset does

Superset is a cross-chain DeFi infrastructure protocol building a Unified Liquidity Execution Layer (ULX) for the $300 billion stablecoin economy. The protocol addresses fragmentation across roughly 160 blockchains where stablecoin liquidity currently sits in isolated pools, by consolidating deposits into a hub-and-spoke virtual AMM: a hub chain runs virtual pools using Uniswap V3 concentrated-liquidity mechanics to maintain global pricing state, while spoke managers on each chain handle local user interaction and token custody. Core components include the OmniTokenAddressBook (global token identity across chains), FungibleTokenCarrier (abstraction layer that picks the appropriate cross-chain transport), Singleton Vaults (one vault per token per chain), and permissionless rebalancing. The protocol integrates natively with Chainlink CCIP, Circle CCTP, LayerZero OFT, Axelar ITS, and Wormhole NTT as transport protocols.

The company serves four enterprise customer segments: professional liquidity providers and market makers seeking capital efficiency across chains, application developers and aggregators wanting one integration point, stablecoin issuers seeking cross-chain distribution, and payment processors and banks needing institutional-grade settlement. Distribution combines a self-serve web application (app.superset.finance), an enterprise direct-sales motion, and an API/SDK integration path targeting developers. Revenue is generated through protocol transaction fees on swap and trading activity, though the platform remains in preparation for broader rollout and operates alongside a non-monetary Points program and a testnet environment.

Superset is incorporated as Superset Protocol Labs LLC in Delaware and was founded in 2024. In February 2026, it closed a $4 million seed round co-led by 7RIDGE and Exponential Science Capital, with backing from former ClearBank Group CEO Charles McManus, who serves as Chairman and Co-Founder. The leadership bench is anchored by ex-JPMorgan Global Head of Blockchain Engineering Krish Swaminathan (Co-CTO, builder of Quorum and JPM Coin) and CEO Neil Staunton, who previously built the first UK bank stablecoin platform at ClearBank. The company has packaged the underlying primitive into six solution modules spanning Payments, Yield, Arbitrage Trading, Market-making & Liquidity Provision, Treasury Operations, and Institutional Rails.

Name

Superset

Legal name

Superset Protocol Labs LLC

Website

https://superset.finance

Company type

Private

Founded year

2026

Operating status

Operating

Headcount range

1–10 employees

Short description

Superset is a cross-chain DeFi protocol building a Unified Liquidity Execution Layer (ULX) that consolidates fragmented stablecoin liquidity across 160+ blockchains into virtual AMM pools. It serves professional liquidity providers, market makers, application developers, stablecoin issuers, and payment processors with one integration point for cross-chain execution and settlement.

Ownership category

akta.pro rank

Product category

Cross-chain Liquidity Protocol

NAICS

Securities and Commodity Exchanges (523210)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

DEX Aggregators & Smart Order Routing (FSAPADAC)

akta.pro secondary industries

Liquidity Aggregation & Smart Order Routing (FSADAJAD), Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading) (FSAPADAJ)

Keywords

• Cross-chain liquidity protocol
• Stablecoin execution layer
• Decentralized finance infrastructure
• Multichain virtual pools
• Onchain FX trading

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Protocol Transaction Fees: Fees generated from swap and trading activity on the protocol. The Terms of Use mention Fees based on User Assets processed through the Services, though specific fee structures are not publicly disclosed.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Superset operates a cross-chain liquidity protocol that functions as a Unified Liquidity Execution Layer (ULX) for the stablecoin economy. It consolidates fragmented stablecoin liquidity across multiple blockchains into single virtual pools via a hub-and-spoke architecture with virtual AMM mechanics, enabling traders and liquidity providers on any supported chain to execute swaps against unified global depth with lower slippage. The protocol coordinates cross-chain settlement at the protocol level and offers solutions for payments, yield, arbitrage trading, market-making, treasury operations, and institutional settlement.

Product overview

Superset is a cross-chain liquidity protocol positioned as the Unified Execution Layer for onchain FX and the stablecoin economy. The platform is built around its core Unified Liquidity Execution Layer (ULX), which uses a hub-and-spoke architecture with virtual pools (vAMM) to consolidate fragmented stablecoin liquidity across multiple blockchains into a single depth pool. The protocol's three pillars — Unified Execution, Coordinated Settlement, and Neutral Infrastructure — are supported by core components including OmniTokenAddressBook (global token identity), FungibleTokenCarrier (cross-chain token abstraction), and Virtual Pools using Uniswap V3 mechanics. On the solution layer, Superset offers dedicated modules for Payments, Yield, Arbitrage Trading, Market-making & Liquidity Provision, Treasury Operations, and Institutional Rails, all powered by features such as Liquidity Virtualisation, Singleton Vaults, and Permissionless Rebalancing. The platform also provides a Points Program for user engagement and a Testnet environment for experimentation. Superset integrates with cross-chain messaging and bridging protocols including Chainlink CCIP, Circle CCTP, LayerZero OFT, Axelar ITS, and Wormhole NTT.

Differentiator

Problem solved

Functional benefit

Products and services

• Unified Liquidity Execution Layer (ULX) Core protocol offering that consolidates fragmented stablecoin liquidity across multiple blockchains into unified virtual pools, enabling traders on any supported chain to execute swaps against the same global liquidity with lower slippage and deeper execution. Designed for institutional liquidity providers, market makers, wallet developers, aggregators, and stablecoin issuers.
• Payments Solution Enables automatic same-chain and cross-chain settlement orchestration in near-real time, with yield on balances at rest and daily FX exposure settled seven days a week at low cost. Targeted at payment processors and financial institutions.
• Yield Solution Provides one-sided pools offering zero impermanent loss risk, no counterparty risk, and no bad debt, alongside two-sided pools delivering greater capital efficiency than comparable DEX products. Targeted at liquidity providers and treasury operators seeking yield on stablecoin balances.
• Arbitrage Trading Solution Enables consistent pricing on every chain for arbitrage against other venues, with cross-chain arbitrage executed without bridging. Messaging executes the trade and unlocks destination-chain stablecoins in near-real time. Targeted at professional arbitrageurs and market makers.
• Market-making & Liquidity Provision Solution Uses one multichain virtual pool per pair to reduce positions and operational risk, offering two distinct yield products for deploying capital into. Targeted at professional market makers and liquidity providers.
• Treasury Operations Solution Provides on-chain treasury management without losing key controls, with zero impermanent loss yield on working capital that remains available for immediate payments. Targeted at corporate treasuries and fintech treasury teams.
• Institutional Rails Solution Provides a privacy-enabled, compliance-permissioned environment for intragroup cross-border settlement, interbank settlement, cross-border interbank settlement, and settlement across tokenised money tiers (M1 to stablecoin to M2). Targeted at banks, payment processors, and financial institutions.
• Onchain FX Layer Onchain foreign exchange execution layer that consolidates stablecoin liquidity across currencies (USDC, USDT, EURC, GBPT, PYUSD, etc.), tokenized deposits, and yield-bearing tokens into a unified trading and settlement surface. Targeted at liquidity providers, market makers, and financial institutions engaged in cross-currency settlement.
• Superset Developer SDK and API Developer SDK and API for integrating with the Superset cross-chain liquidity protocol, including reference implementations, quickstart guides, token integration guides, and liquidity provision documentation. Enables wallet developers, aggregators, and application developers to integrate once and access unified liquidity across currencies, chains, and tokenized assets.

Quantifiable outcome

• Reduced price impact from ~21% of visible single-chain depth to ~9% of combined multi-chain depth for large trades
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Chainlink (CCIP)coreTechnology or IntegrationChainlink's Cross-Chain Interoperability Protocol (CCIP) is a supported token standard for omnichain token models in Superset. Provides cross-chain messaging capabilities that Superset uses for its execution layer.
• Circle (CCTP)coreTechnology or IntegrationCircle's Cross-Chain Transfer Protocol (CCTP) is a supported token standard for USDC and other Circle products in Superset's protocol. Enables native USDC transfers across chains through Circle's attestation-based mechanism.
• LayerZero (OFT)coreTechnology or IntegrationLayerZero's Omnichain Fungible Token (OFT) standard is supported by Superset for omnichain token deployment. LayerZero's messaging protocol facilitates cross-chain communication for Superset's execution layer.
• Gavin Lonsdale (HSBC)minorOthersHead of Architecture and Engineering for Global Payments at HSBC. Previously led payments strategy at JPMorgan and payments technology across EMEA and Asia at Goldman Sachs. Provides strategic guidance on payments infrastructure and institutional adoption.
• Ivar Wiersma (LayerZero)minorOthersHead of EMEA at LayerZero. Previously built and scaled ING's blockchain and innovation team, driving 20+ investments and spinouts including Contour, HQLAx, VAKT, and Komgo. Former board and leadership team member at R3.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Socket: Socket (formerly Bungee) is a cross-chain liquidity aggregation protocol that routes swaps and bridges through multiple liquidity sources. Like Superset, it targets wallets and aggregators needing a single integration point for multichain execution.
• Matcha (0x): Matcha, built by 0x, is a DEX aggregator targeting retail and pro traders with smart routing across chains. It competes with Superset at the trader-execution layer and for wallet distribution partnerships.
• LI.FI: LI.FI is a cross-chain DEX aggregator and bridge-aggregation API that routes swaps across multiple chains and bridges. It is the closest functional analog to Superset, competing for the same wallet/aggregator integrator slot — Superset differentiates by specializing in stablecoin execution and coordinated settlement at the protocol level.
• Jupiter: Jupiter is the leading DEX aggregator on Solana with expanding multichain routing ambitions. It competes for the same aggregator-execution use case within its core Solana ecosystem and is a reference point for chain-specific DEX aggregator economics.
• 1inch: 1inch is a leading DEX aggregator with smart order routing across many chains and venues. It is a direct competitor for the same integrator/trader flow that Superset targets, though Superset specializes in stablecoins rather than general token swaps.
• Curve Finance: Curve is the dominant onchain DEX for stablecoin and like-kind asset swaps, with deep pools across many chains. It is a direct competitor for stablecoin liquidity, although Curve's pools are local per chain while Superset virtualizes depth across chains.
• Stargate: Stargate is a cross-chain liquidity transport protocol built on LayerZero, focused specifically on stablecoin and native asset bridging. It addresses overlapping fragmentation pain points as Superset but at the bridging layer rather than the execution layer.
• CowSwap (CoW Protocol): CoW Protocol / CowSwap is a DEX aggregator using batch auctions and MEV protection to deliver optimal execution. It competes for the same wallet and trader integrations, with overlapping institutional interest in execution quality.

Broad incumbents

• Wormhole: Wormhole is a cross-chain messaging and bridging protocol (NTT standard) that Superset integrates with. It is an adjacent infrastructure provider rather than a direct execution competitor, but its continued expansion into application-level routing creates partial overlap.
• LayerZero: LayerZero is a cross-chain messaging protocol that Superset natively integrates with via the OFT standard. It sits below Superset in the stack (messaging rather than execution), but its omnichain-application thesis overlaps Superset's multichain stablecoin thesis.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/SupersetFinance
• LinkedInlinkedin.com/company/superset-omnichain-stablecoin-liquidity-protocol

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds1 record

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Superset