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Project Overview
Superstate is a blockchain-based government bond fund, using the Ethereum blockchain as a secondary record-keeping tool. Superstate aims to leverage existing U.S. securities regulations to achieve widespread global distribution in a fully compliant manner, and implement state of the art tokenization frameworks, robust DeFi composability, and wide ecosystem reach to bring the highest quality yield bearing treasury product to market.
Bitwise Partners with Superstate to Launch First Tokenized Fund USCC, AUM Exceeds $267 Million
According to Bitwise’s official announcement, Bitwise and Superstate have jointly launched the Bitwise Crypto Carry Fund (ticker: USCC), Bitwise’s first tokenized fund. The fund generates returns for investors by capturing the basis between spot and futures prices of BTC, ETH, XRP, and SOL—the so-called “cash-and-carry” strategy. As of April 30, 2026, its assets under management (AUM) exceeded $267 million. Effective June 1, 2026, Superstate will formally transfer management of the fund to Bitwise. During the transition period, existing investors will be unaffected. The fund’s name will be updated to the Bitwise Crypto Carry Fund, while its ticker symbol (USCC), smart contract, and token address will remain unchanged. Superstate will continue to provide on-chain infrastructure support via its FundOS platform, including tokenized issuance and digital transfer agency services.
Coinbase Launches Digital Credit Strategy CUSHY, Introduces Tokenized Share Structure
Coinbase Asset Management (CBAM) has announced the launch of its digital credit strategy, CUSHY, introducing a tokenized shareclass mechanism to bridge the gap between traditional credit markets and on-chain financial systems. The strategy focuses on three key areas: on-chain highly liquid public credit assets, structured private credit for digital-native and traditional borrowers, as well as structural yield sources combining tokenization and protocol incentives. Built on Superstate's FundOS tokenization platform, it enables on-chain representation of fund shares and 24/7 trading capabilities, while supporting operations across multiple networks including Ethereum, Solana, and Base.
Crypto fintech company Superstate launches FundOS, opening up on-chain fund infrastructure to asset management firms
According to an official announcement, crypto-financial technology company Superstate has launched FundOS—a next-generation fund operating system—opening its fund-on-chain infrastructure to asset management firms to support the tokenization of private funds, mutual funds, and ETFs. Superstate states that FundOS enables fund managers to select fund types, underlying blockchains, supported DeFi use cases, and whether to enable stablecoin-based subscriptions and redemptions. It integrates with existing fund managers, custodians, and service providers via its portal, APIs, and workflows. The system is already deployed for USTB and USCC, collectively managing over $1 billion in assets, and has also been adopted by Invesco US.
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Asset management giant Invesco plans to launch a tokenized stablecoin reserve fund
asset management giant Invesco is planning to launch a new money market fund designed for stablecoin reserves. According to a revised filing submitted to the U.S. SEC, Invesco intends to add the "Invesco Stablecoin Reserves Onchain Fund" to its Short-Term Investments Trust product portfolio.The fund has not yet announced its ticker symbol. It will primarily invest in high-quality short-term assets, including U.S. Treasuries, repurchase agreements, and cash equivalents, aiming to maintain a stable net asset value of $1 per share and provide daily liquidity.This product is designed for stablecoin issuers, enabling them to hold compliant reserves within the framework of the GENIUS Act reserve requirements while also generating yield. As of May 31, Invesco managed approximately $2.45 trillion in assets.The fund will also introduce blockchain infrastructure company Superstate as a secondary transfer agent for tokenized shares, recording fund shares on a designated public blockchain that has yet to be disclosed. Recently, several Wall Street institutions, including State Street, have also launched similar products, indicating that traditional asset management giants are accelerating their competition for the stablecoin reserve and tokenized money market fund market.
Bitwise Partners with Superstate to Launch First Tokenized Fund USCC, AUM Exceeds $267 Million
According to Bitwise’s official announcement, Bitwise and Superstate have jointly launched the Bitwise Crypto Carry Fund (ticker: USCC), Bitwise’s first tokenized fund. The fund generates returns for investors by capturing the basis between spot and futures prices of BTC, ETH, XRP, and SOL—the so-called “cash-and-carry” strategy. As of April 30, 2026, its assets under management (AUM) exceeded $267 million. Effective June 1, 2026, Superstate will formally transfer management of the fund to Bitwise. During the transition period, existing investors will be unaffected. The fund’s name will be updated to the Bitwise Crypto Carry Fund, while its ticker symbol (USCC), smart contract, and token address will remain unchanged. Superstate will continue to provide on-chain infrastructure support via its FundOS platform, including tokenized issuance and digital transfer agency services.
Coinbase Launches Digital Credit Strategy CUSHY, Introduces Tokenized Share Structure
Coinbase Asset Management (CBAM) has announced the launch of its digital credit strategy, CUSHY, introducing a tokenized shareclass mechanism to bridge the gap between traditional credit markets and on-chain financial systems. The strategy focuses on three key areas: on-chain highly liquid public credit assets, structured private credit for digital-native and traditional borrowers, as well as structural yield sources combining tokenization and protocol incentives. Built on Superstate's FundOS tokenization platform, it enables on-chain representation of fund shares and 24/7 trading capabilities, while supporting operations across multiple networks including Ethereum, Solana, and Base.
Crypto fintech company Superstate launches FundOS, opening up on-chain fund infrastructure to asset management firms
According to an official announcement, crypto-financial technology company Superstate has launched FundOS—a next-generation fund operating system—opening its fund-on-chain infrastructure to asset management firms to support the tokenization of private funds, mutual funds, and ETFs. Superstate states that FundOS enables fund managers to select fund types, underlying blockchains, supported DeFi use cases, and whether to enable stablecoin-based subscriptions and redemptions. It integrates with existing fund managers, custodians, and service providers via its portal, APIs, and workflows. The system is already deployed for USTB and USCC, collectively managing over $1 billion in assets, and has also been adopted by Invesco US.