Tokenized Yield Funds (USTB & USCC)

Superstate offers two institutional-grade tokenized private funds — USTB and USCC — providing Qualified Purchasers with regulated, onchain access to yield-generating assets. Both funds are managed by Superstate Inc., audited by Ernst & Young LLP, and structured as series of a Delaware Statutory Trust.

USTB — Short Duration US Government Securities Fund

USTB ($832M+ AUM) targets current income from short-duration U.S. Treasury Bills, with Federated Hermes as sub-advisor and The Bank of New York Mellon as custodian. The fund delivers a 3.45% annualized 30-day yield (inclusive of fees), with a management fee of ≤0.15% and rebates for holdings over $25M.

Key Features

• Continuous NAV/share with real-time interest accrual upon subscription
• Protocol Mint and Redeem: mint or redeem shares in a single onchain Ethereum transaction
• Multi-network: Ethereum, Solana, and Plume, plus traditional book-entry form
• Subscriptions and redemptions via USD or USDC with daily market liquidity
• DeFi integrations: Aave (Ethereum)

USCC — Crypto Carry Fund

USCC ($285M+ AUM) generates yield by optimizing the basis trade across Bitcoin, Ethereum, Solana, and XRP, capturing the differential between spot and CME-listed futures prices while holding USTB and cash as collateral. Custodied at Anchorage Digital. 30-day yield of 2.48% annualized, management fee of 0.75% per annum.

Key Features

• Exposure to crypto carry (basis), staking (Solana, EtherFi weETH), and government securities in one vehicle
• Multi-network: Ethereum, Solana, Plume, and book-entry
• Subscriptions and redemptions via USD or USDC with next-day liquidity
• DeFi integrations: Aave (Ethereum, ~$120M TVL), Kamino (Solana, ~$18.8M TVL), Morpho (Ethereum)

Access via Investor Portal

Institutional investors, treasuries, DeFi protocols, and intermediaries access both funds through Superstate's Investor Portal, which provides KYC onboarding, wallet allowlisting, subaccounts, and unified portfolio management across onchain and DeFi positions.