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Brief
Tokenized-securities infrastructure provider. FundOS supports fund issuance and SEC-registered transfer-agency services; Opening Bell supports tokenized equity. Invesco manages USTB and Bitwise manages USCC, while Superstate supplies their onchain infrastructure.
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Primary sources
Checks cover the claims listed below. Other details may still need review.
- Bitwise: USCC management handover completed (opens in a new tab)
Checked
- June 1, 2026 completed handover to Bitwise; USCC token continuity and Superstate FundOS/transfer-agency role.
- USCC is a private fund for qualified purchasers, not a registered mutual fund.
- Superstate: Invesco USTB fund and service providers (opens in a new tab)
Checked
- USTB now names Invesco Advisers as manager, BNY Mellon as custodian and Superstate Services as transfer agent.
- Invesco: USTB (opens in a new tab)
Checked
- Invesco's current USTB product page corroborates the fund-management relationship.
- Superstate: CUSHY fund terms (opens in a new tab)
Checked
- Coinbase Asset Management manages CUSHY; Superstate is transfer agent. Subscriptions are monthly and redemptions quarterly.
- Coinbase: digital credit strategy (opens in a new tab)
Checked
- Coinbase confirms the CUSHY strategy and Superstate tokenized-share partnership.
- Invesco: expanded Superstate partnership (opens in a new tab)
Checked
- April 13, 2026 additional Series B closing includes Invesco Private Capital investment; USTB partnership is distinct from USCC.
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Recent activity
Latest moves on the changelog feed.
- Mar 29, 2026WIRED
Superstate ↔ Kamino. Opening Bell equities as lending collateral.
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Snapshot
Key terms and identifiers.
- Asset classes
- Treasuries, Equities
- Token standards
- erc-20, eip-4626
- Regulatory
- sec-reg-d
- Jurisdiction
- US
- Analytics
- app.rwa.xyz/issuers/superstate
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Milestones
How this player got here.
- Jun 2026Bitwise completed USCC management handover; Superstate retained FundOS infrastructure and transfer agency
- May 2026USCC management handover to Bitwise announced for June 1; subsequently completed
- Mar 2026Superstate ↔ Kamino. Opening Bell equities as lending collateral.
- Jan 2025Crossed $400M AUM
- Jun 2024Launched USTB on Ethereum
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Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
- USCCIntegratesFundOS + transfer agency for carry fund
- USTBIntegratesFundOS + transfer agency for treasury fund
- SolanaBuilds on
- EthereumBuilds onPrimary chain
- Plume NetworkBuilds on
- InvescoIntegratesUSTB manager; affiliate strategic investor
- BaseBuilds on
- ArbitrumBuilds on
- OptimismBuilds on
- KaminoIntegratesTokenized equity collateral
- BitwiseIntegratesPlatform partner
