Superstate

Superstate issues USTB, an on-chain tokenized fund that invests in short-term U.S. Treasury and agency securities, targeting the federal funds rate with a 0.15% management fee. It enables qualified purchasers to subscribe and redeem using USDC, with daily NAV provided by NAV Consulting and compliant on-chain transfer through an Ethereum-based allowlist. The fund offers flexible custody options and is integrated into several ecosystems, including Solana, Ethereum, and Plume Network.