Category: News, NFT News

Real-World Asset Firm Superstate Launches First Fund Tokenizing U.S. Treasuries

Robert Leshner’s new venture wants to modernize investment funds. Superstate, […]

Robert Leshner’s new venture wants to modernize investment funds.

Superstate, an asset manager which makes tokenized investment products, launched its first fund today.

The fund, called USBT, will invest in short-term U.S. Treasuries and charge a management fee of 15 basis points, according to a release shared with The Defiant.

Only Qualified Purchasers, a designation granted by the U.S. Securities and Exchange Commission (SEC), which is typically reserved for entities with a net worth exceeding $5 million, will be eligible to acquire USBT.

Investors will be able to self-custody their USBT at an address of their choice. They will also have the freedom to use different security implementations like multisignature wallets or multi-party computation (MPC), or traditional externally owned accounts (EOAs) to secure the assets.