The blockchain-based government bond fund Superstate launches the first tokenized U.S. Treasury fund

ChainCatcher news, based on blockchain, the government bond fund Superstate has launched its first tokenized fund named USTB, which will invest in short-term U.S. Treasury bonds and charge a management fee of 15 basis points. Only qualified purchasers are eligible to acquire USTB. Investors will be able to self-custody their USTB at an address of their choice and can freely use different security implementations, such as multi-signature wallets or multi-party computation (MPC) or traditional externally owned accounts (EOA) to protect their assets. The federally chartered bank Anchorage Digital and BitGo, which provides asset management solutions in addition to storage, will also be custody options.

It is reported that Superstate is a blockchain-based government bond fund that uses the Ethereum blockchain as an auxiliary record-keeping tool. Superstate aims to leverage existing U.S. securities regulations to achieve broad global issuance in a fully compliant manner and implement a state-of-the-art tokenization framework, robust DeFi composability, and extensive ecosystem coverage to bring the highest quality yield treasury products to market.