Tokenized Asset Manager Superstate Registers Transfer Agent with SEC
Superstate Services will first support the firm’s two funds with plans to expand services to other issuers as the market for tokenized securities grows.
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Superstate Services will first support the firm’s two funds with plans to expand services to other issuers as the market for tokenized securities grows.
Superstate’s new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.
MakerDAO’s competition to allocate funds will open next month, and would give a big boost for the $1.8 billion tokenized real-world asset space.
Superstate’s USTB token aims to offer institutional investors an alternative to stablecoins to earn a yield on their on-chain cash holdings, Superstate founder and CEO Robert Leshner said.