An asset management firm, Superstate, has introduced the Superstate Short Duration U.S. Government Securities Fund (USTB), specifically tailored for U.S. Qualified Purchasers, according to a Superstate press release.
Functioning as the investment manager, Superstate collaborates with Federated Hermes, and USTB operates as a series of Delaware Trusts.
USTB strategically invests in short-term U.S. Treasury and Agency securities, aligning with the federal funds rate and maintaining a modest 0.15% management fee. Subscriptions and redemptions are conducted in USDC, ensuring daily NAV accuracy.
The Ethereum-based Allowlist streamlines on-chain ownership and compliance, offering potential peer-to-peer transactions. Investors benefit from custody flexibility, choosing between on-chain addresses or trusted custodians such as Anchorage Digital and BitGo.
This launch signifies the initial stride in Superstate’s mission to tokenize global assets, promising regulated and contemporary investment opportunities for both institutions and investors.