Superstate
About Superstate
Superstate develops blockchain-based investment products that allow Qualified Purchasers to access income from short-duration U.S. Treasury Bills and excess returns from crypto strategies, all while ensuring continuous pricing and daily liquidity. By utilizing tokenization, Superstate enhances the speed and efficiency of asset management, addressing the need for compliant and accessible financial solutions in the crypto ecosystem.
<problem> Traditional investment products often lack the speed, programmability, and compliance advantages offered by blockchain technology. This limits access for qualified purchasers seeking efficient and accessible financial solutions within the crypto ecosystem. </problem> <solution> Superstate develops blockchain-based investment products that leverage tokenization to provide qualified purchasers with access to income from short-duration U.S. Treasury Bills and excess returns from crypto strategies. The platform enables on-chain settlement and continuous interest accrual, aligning with the speed of decentralized finance (DeFi). Investors can manage their assets through an investor portal, APIs, or smart contracts, with the option to purchase and redeem using USDC on Ethereum and Solana, or via bank wire. Superstate's structure focuses on compliance, utilizing a Bankruptcy-Remote Trust Structure and established service providers to manage and segregate assets, minimizing counterparty risk through a customizable Allowlist. </solution> <features> - Tokenized funds allowing for on-chain settlement and continuous interest accrual - Continuous NAV per share (NAV/S) for second-by-second pricing - Yield accumulation through an incrementing NAV/S, without airdrops, distributions, or token rebasing - Ownership transfers as easily as an ERC-20 token transfer - Daily liquidity on Market Days - Management through investor portal, APIs, or smart contracts - Purchase and redemption using USDC on Ethereum and Solana, or bank wire - Custody options at leading custodians, in self-custody, or in book-entry at Superstate - Bankruptcy-Remote Trust Structure - Customizable Allowlist </features> <target_audience> Superstate primarily targets qualified purchasers, including crypto-native investors, treasuries, protocols, and intermediaries, seeking compliant and accessible financial solutions in the crypto ecosystem. </target_audience> <revenue_model> Superstate generates revenue through management fees on assets under management (AUM) in its tokenized funds, USTB (Superstate Short Duration US Government Securities Fund) and USCC (Superstate Crypto Carry Fund). As of November 2024, USTB has $153.24M in AUM and USCC has $76.41M in AUM. </revenue_model>
What does Superstate do?
Superstate develops blockchain-based investment products that allow Qualified Purchasers to access income from short-duration U.S. Treasury Bills and excess returns from crypto strategies, all while ensuring continuous pricing and daily liquidity. By utilizing tokenization, Superstate enhances the speed and efficiency of asset management, addressing the need for compliant and accessible financial solutions in the crypto ecosystem.
Where is Superstate located?
Superstate is based in San Francisco, United States.
When was Superstate founded?
Superstate was founded in 2023.
How much funding has Superstate raised?
Superstate has raised 18100000.
- Location
- San Francisco, United States
- Founded
- 2023
- Funding
- 18100000
- Employees
- 19 employees
- Major Investors
- Distributed Global, CoinFund