Superstate25
$USCC
+0.02%

what's Superstate?

Superstate is an asset management firm specializing in tokenized financial products that bridge traditional finance with blockchain technology. The company focuses on modernizing investment infrastructure for institutional and crypto-native investors by enabling on-chain issuance, trading, and management of assets. Through platforms like Opening Bell, Superstate allows companies to issue SEC-registered shares directly onto blockchains such as Ethereum and Solana, facilitating compliant tokenization of public equities for 24/7 global access. Key offerings include tokenized funds designed for stability and yield generation. The Short Duration U.S. Government Securities Fund (USTB) invests in short-term U.S. Treasury and agency securities, represented as an ERC-20 token for self-custody or institutional holding across multiple blockchains. Similarly, the Crypto Carry Fund (USCC) employs a cash-and-carry strategy to capture basis between spot prices and futures for assets like Bitcoin and Ether, providing exposure to crypto markets with reduced volatility. Superstate emphasizes compliance, liquidity, and programmability, partnering with exchanges like Backpack for native on-chain equity trading and protocols like Aave for collateralized lending. This ecosystem expands capital formation by connecting traditional assets to decentralized finance, enabling automated settlement, transparent ownership, and broader investor participation without intermediaries.

Snapshot

USTB serves as reserves for Hyperliquid's native stablecoin USDH.

contract

ethereum

plume-network

1D ago
PARTNERSHIPOfficial

USTB is used as reserves for Hyperliquid's native stablecoin USDH.

4D ago
ONCHAIN METRICS

Paid out $538,000 in yield during the week ending April 10, 2026 for the USTB token.

5D ago
TEAM UPDATEOfficial

Appointed Jordan Katz as Head of Capital Markets, joining from JPMorgan where he served as VP in investment banking focused on FinTech and capital markets infrastructure.

1W ago
TECH EVENT

Launched Superstate Offchain, a product that enables holding shares of funds and companies in quantum-resistant, blockchain-agnostic certificates on paper.

2W ago
ONCHAIN METRICS

Paid out $1.93M in yield over the last 30 days from USTB (as of March 31, 2026).

MARKET ACTIVITY

Enabled natively tokenized Galaxy Digital (GLXY) shares as collateral on Kamino's Superstate Market on Solana, allowing borrowing of USDC and CASH.

ONCHAIN METRICS

Yuzu Money is the largest USTB depositor on Aave.

3W ago
PARTNERSHIPOfficial

Partnered with Invesco to manage $900M USTB tokenized fund, effective Q2 2026.

ONCHAIN METRICS

Generated $600-900M in RWA yields during 2025, alongside BlackRock BUIDL and Janus Henderson.

ONCHAIN METRICS

Short-duration Treasury fund has reached 71.3M in circulation.

MARKET ACTIVITY

USTB and FWDI tokens are now available on Polytrade's marketplace on Solana.

PARTNERSHIPOfficial

Powers Plume Network's nBASIS vault through USCC, integrated by Ether.fi for RWA yield via professionally managed basis strategies, reaching $6B in deposits on March 20, 2026.

1M ago
PARTNERSHIPOfficial

At least 15 stablecoins use USTB or USCC as backing collateral.

PARTNERSHIP

Provides tokenized Treasuries backing for Sonic Labs' USSD stablecoin in a 1:1 reserve structure through Frax Finance infrastructure, alongside BlackRock and WisdomTree.

PARTNERSHIP

Partnered with Cyrene AI and WLTH to bring tokenized pre-IPO access to Solana.

PARTNERSHIP

Enabled Forward to become the first US public company to have its equity used directly in DeFi on Solana.

ONCHAIN METRICSOfficial

Integrated USCC, CASH, and GLXY tokens with Kamino's Superstate Market and Gauntlet's CASH vault on Solana in Q1 2026, enabling borrowing against USCC and FWDI and liquidity allocations.

ONCHAIN METRICS

Holds 2.74% market share of tokenized stocks with the total tokenized stocks market valued at $944M.

2M ago
FINANCIAL EVENT

Raised funding as part of a $432M investment round in the Real World Assets sector during Q1 2026.

ONCHAIN METRICS

Listed among leading issuers of tokenized U.S. Treasuries, with market cap surpassing $10 billion, alongside Ondo Finance, Securitize, Circle, Franklin Templeton, and WisdomTree.

ONCHAIN METRICS

Reached $419.14 million market cap for USTB token with 17.1% of supply deployed in DeFi protocols.

ONCHAIN METRICS

Reached $195.76M market cap, with 80.5% supply deployed in DeFi and 92.7% DeFi utilization, highest among RWA protocols.

FINANCIAL EVENT

Received continued investment from pet3rpan_ who participated since the first funding round.

FINANCIAL EVENTOfficial

Raised $82.5M Series B in January 2026 led by Bain Capital Crypto and Distributed Global with Invesco Private Capital.

3M ago
VISIBILITY EVENT

Nominated for "Best In Tokenization" award at an awards ceremony scheduled for December 30, 2025.

PARTNERSHIP

Integrated with Chronicle Labs' Proof of Asset verification system for onchain finance.

Yuzu Money activates a 7-day countdown to whitelist Superstate as a venue for backing assets through its Asset Whitelist transparency feature.

4M ago
Official

Tokenized Galaxy ($GLXY) shares onchain via Opening Bell service in September 2025, partnering with Galaxy Digital Research and Broadridge to enable onchain shareholder voting.

Generates $2.8M in 30-day revenue with +380% YTD growth, ranking among top RWA projects by revenue performance in December 2025.

Registered as an SEC transfer agent, enabling token holders on the shareholder registry with voting rights and dividend entitlements. Launched Direct Issuance Program for tokenized stock on-chain, settling instantly via stablecoins.

Integrates $USCC fund (~$600M AUM) as the first strategy in Renzo Protocol's new Renzo Reserve institutional vault, providing onchain yield from BTC/ETH/SOL/XRP basis trading.

$USCC becomes the largest RWA on Aave Horizon according to LlamaRisk's new report on the platform.

Official

Listed among 6 largest tokenized fund issuers with 5 of 6 largest deployments on Ethereum, and named by Fortune Magazine among "compliant disruptors" for onchain share issuance. Surpassed $17 billion market cap in tokenized funds market February 11, 2026.

Uses Chainlink for NAV and AUM data, reached over $800M in AUM.

CEO speaks at RBLTSecurities' 17th Annual FinTech Summit next Tuesday on a tokenization panel alongside leaders from Fairmint, ClearToken, Kaiko, and CoinFund.

Combined AUM for USTB and USCC reaches ~$1.6B heading into year-end.

Usual Money launches USD0a, backed by $USTB T-bill fund and $USCC crypto basis fund as collateral.

Generates $446K in 30-day revenue, up 46%.

Tokenized GLXY shares can be bought on-chain and offer the same rights as traditional equities.

USCC represents 41% of Aave Horizon's total market size and offers 5%-15% yields as a crypto carry trade fund.

Contributed to $1B RWA deposits across Kamino markets, while reaching $660M AUM (USCC) and $800M (USTB), with 150 institutional investors and 300 customers.

5M ago

HSDT, a NASDAQ-listed and Pantera-backed company, will tokenize its shares on Superstate's Opening Bell platform.

USCC ranks #1 and USTB ranks #6 among fastest growing RWAs based on 30-day market cap growth across the entire sector.

USDCC grows +15% in TVL and USTB grows +13.5% in TVL over the past week, both ranking among top 5 stablecoins for weekly TVL growth.

USCC ranks #1 and USTB ranks #2 as fastest growing tokenized funds in the $100M-$1B supply range.

USTB ranks #7 among top yield-bearing stablecoins by 90-day supply change.

Partnership with ResolvLabs uses USCC to back USR stablecoin with institutional-grade reserves, deployed on Aave Horizon.

USCC ranks as the second fastest growing RWA on Ethereum based on 30-day TVL growth percentage.

Superstate hosts meeting with UK Parliamentary digital assets delegation in New York City, with Dr Lisa Cameron facilitating UK-US engagement.

Aave has doubled USCC circulation since Horizon launch.

Superstate ranks as one of the fastest-growing protocols on a weekly basis among protocols with at least $500M TVL.

Superstate surpasses $1B in tokenized funds and brings Galaxy's $GLXY shares onchain.

Spark protocol deploys $100 million into USCC fund, with USCC currently yielding 9.26% APY from crypto basis strategies via CME futures.

Exodus (NYSE: EXOD) announces shareholders can now hold their common stock on Solana through Superstate's issuance platform.

$USCC reaches over $100M in supply on Aave Horizon.

USCC becomes available on Aave Horizon market with 10% yield, offering up to 30%+ returns when leveraged 4x against RLUSD at 2.5% borrow rate for qualified purchasers.

Backpack exchange becomes the first centralized exchange to partner with Superstate for native onchain equities trading through the Opening Bell platform, with user registration now available and launch expected in coming weeks.

Partnered with Backpack and Solana for tokenized equities, offering non-US users day 1 IPO access with real shares via compliant rails and KYC. Waitlist live.

Superstate participates in the first block trade of CME Group's XRP options with Wintermute on October 12.

6M ago

Protocol fees increase by 165.4% over 7-day period, ranking 5th among top projects by fee growth.

SharpLink (SBET) partners with Superstate to offer tokenized shares through the Opening Bell platform.

Tokenized funds USTB and USCC surpass $1 billion in total value locked, marking a significant milestone.

Enables native NASDAQ GLXY stock trading directly on Solana blockchain, allowing tokenized shares to be posted as collateral on lending protocols while tracking beneficial ownership.

Aave Horizon begins accepting USCC and USTB tokens as collateral, integrated with M0's stablecoin platform, alongside other tokenized treasuries and funds.

Superstate ranks 5th among top weekly TVL movers, indicating significant capital flow changes.

7M ago

Robert Leshner from Superstate participates as angel investor in Forward Industries' $1.65 billion private placement for Solana Treasury Strategy.

Drift Protocol announces close collaboration with Superstate on enabling tokenized DATs as collateral for borrowing and trading on their platform.

UpexiTreasury plans to tokenize company equity through Opening Bell, citing compliance and traditional equity rights as key factors.

First-ever direct tokenization of SEC-registered shares implements native on-chain recording, distinguishing from traditional synthetic wrapper models.

New bridging functionality launches for GLXY stock, enabling direct brokerage-to-chain transfers.

Galaxy Digital launches tokenized GLXY shares on Opening Bell platform, enabling KYC-approved investors to convert SEC-registered shares to on-chain tokens with instant settlement and 24/7 transferability.

USCC and USTB tokens approved as collateral on new Aave V3 Horizon protocol, enabling 24/7 stablecoin borrowing against RWA assets.

Frax Finance adopts USTB as primary reserve asset for frxUSD, leveraging GENIUS Act compliance for tokenized T-bills.

Expanding infrastructure now supports public equity dual listings with integrated on-chain dividends and shareholder voting.

8M ago

Reaches $654.3M tokenized AUM, establishing position as third-largest RWA issuer globally.

Galaxy signs agreement with Superstate to issue tokenized $GLXY shares onchain.

Partnership with SOL Strategies announced for compliant on-chain equity issuance, enabling direct interchangeability with underlying securities.

Founder's liquor company takeover bid fails due to poison pill defense; crypto pivot continues regardless.

9M ago

USTB tokens now serve as collateral for FalconStable's USDf mint, demonstrating first institutional implementation of tokenized treasury yield strategies.

Former Compound Finance founders now lead project, expanding from DeFi to onchain stock tokenization.

Assets Under Management nearing $1B milestone, showing accelerated growth momentum from June's $848.8M figure.

Launching tokenized stock protocol on Solana following BackedFi's xStocks debut, expanding product offering into stock tokenization market.

SEC-registered shares issued directly on-chain, offering global access with regulatory compliance.

Platform expanding capabilities to enable direct onchain public offerings.

Nasdaq-listed Upexi adds $7.8M in SOL to treasury and plans SEC-registered share tokenization through Opening Bell platform.

Manages $848.8M in tokenized assets, establishing position as third-largest RWA issuer globally.

Weekly surge in tokenized yield products: USTB (+66.6%) and USCC (+17%) demonstrate accelerating adoption.

New product 'Opening Bell' launches, bringing tokenized equities to Solana ecosystem.

Framework for compliant tokenized securities submitted to SEC in collaboration with Solana Policy Institute, Phantom, and Orca.

Protocol deploys $35.87M TVL on Plume Network, representing one of six protocols controlling 90% of total network value.

10M ago

RWA-native chain launches with PLUME utility for gas, staking, and governance; validator program live and L1 in private testnet.

USTB and USCC funds integrate with NestCredit vaults on Plume Network, enabling new yield-generating opportunities through deposits.

New BitGet integration enables USTB-backed yield product BGUSD, growing institutional adoption.

Pending approval, USTB fund will become first regulated, yield-bearing stablecoin substitute for U.S. retail, featuring 30-second NAV updates.

Total AUM surpasses $800M milestone, indicating significant protocol growth.

USCC AUM grows 56.41% to $140.96M in past 30 days.

Receives $300M allocation from Spark's liquidity layer as part of major institutional funding initiative.

11M ago

Opening Bell platform targets earlier-stage companies for SEC-compliant on-chain equity trading.

Strategic deployment through Spark Liquidity Layer, representing one-third of major partners expected to generate 43% of $130M protocol revenue.

Product name 'Opening Bell' revealed for on-chain stock trading, supporting both Solana and Ethereum networks.