Interview with Ben Haslam, CTO & Co-Founder of Superset

1. What is the core problem you are trying to solve?

Superset is focused on solving liquidity fragmentation. Essentially, stablecoins and tokenized assets exist across a large number of chains, with the liquidity being split across various venues. This means that each chain has its own isolated pools, leading to thinner depth, higher slippage, and inconsistent pricing.

For crypto to achieve institutional endorsement and bring global FX onchain, this fragmentation cannot exist. We need deep, capital-efficient liquidity that behaves like a single market. This is what we’re working towards at Superset.

2. How are you approaching liquidity unification across chains?

Liquidity is spread out across multiple chains. Instead of each chain pricing a given trading pair locally, Superset runs a single hub environment that aggregates all that liquidity into one virtual pool. When someone initiates a swap, pricing is calculated using the combined global reserves, rather than just the liquidity on that chain. Settlement still happens back on the originating chain, so it feels seamless from the user’s perspective.

The shift is that liquidity stops behaving like isolated islands and starts behaving like one coordinated system.

3. What does liquidity virtualization actually improve for traders and issuers?

Without virtualization, every chain is essentially its own liquidity island. Larger trades move markets more aggressively, and market makers constantly have to rebalance capital between ecosystems. Issuers have to decide where to seed liquidity and how much to allocate to each chain. It is inefficient and expensive.

Virtualization allows liquidity across chains to function as if it were a single pool. This reduces slippage, improves capital efficiency, and creates more consistent pricing. For stablecoin and FX-style pairs in particular, execution quality matters far more than yield incentives. As volumes scale, infrastructure becomes the differentiator.

4. How do you remain market neutral, and why does that matter?

At Superset, our job is simply to make liquidity work better. With this, we’re not trying to “beat the market” or place bets. We’re just focused on infrastructure.

The second infrastructure takes on hidden risk, it stops being neutral plumbing and starts developing into a balance sheet. That is where fragility creeps in. Larger participants, especially institutions, need to know exactly where risk sits and where it does not. Our responsibility is to keep the execution layer transparent and reliable so that people can utilize it with confidence.

It is also important that we support all vendors and participants, without taking sides. This includes competing issuers, market makers and interoperability platforms. Only by supporting all of them can we offer a complete market that none of them could offer alone.

5. What types of assets are most suited to this model?

Stablecoins work perfectly with Superset’s model as they are often deployed across multiple chains and require tight spreads and consistent pricing. As Superset progresses, the same structure can extend to tokenized deposits, real-world assets, and other liquid onchain instruments. The common denominator is multichain issuance combined with the need for deeper, unified liquidity.

With more and more real-world financial activity coming onchain, fragmentation is a huge scaling bottleneck. Any assets that stall progress here are suited to our model.

6. Cross-chain systems are often criticized for security risks. How do you address concerns like double-spending or message failure?

Cross-chain architecture introduces a greater deal of complexity. This is why design discipline is critical.

Pricing logic runs in a single source-of-truth environment. Mirror representations correspond one-to-one with assets locked in vaults on their respective chains. When assets enter vaults, representations are minted. When assets exit, they are burned. Supply always matches underlying collateral, and trades are executed in the order in which they arrive at the hub chain contract, to prevent duplication or double spend.

Cross-chain messaging also includes safeguards such as timeout and refund mechanisms if communication fails.

With virtualization, we’re abstracting liquidity while maintaining strict accounting control. We’re not just duplicating assets.

Ben Haslam

Ben Haslam is CTO and co-founder of Superset, the Unified Liquidity Execution layer for the stablecoin economy. Ben is a systems-focused builder and architect with deep experience across AMMs, crosschain infrastructure, and cryptography

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