Uniswap builds compliance checks into the AMM with permissioned pools
A new v4 hook standard verifies wallets against issuer-managed allowlists at the protocol level, with Superstate, Securitize and Dowgo among the launch collaborators.
Tokenization platform
Superstate
Firm that issues and services tokenized funds and tokenized company shares through a registered investment adviser and an SEC-registered transfer agent; its short-duration Treasury fund USTB held more than $967m in March 2026.
The profile
Firm that issues and services tokenized funds and tokenized company shares, operating through Superstate Advisers LLC, a registered investment adviser under the Investment Advisers Act of 1940, and Superstate Services LLC, registered with the SEC as a transfer agent. Its short-duration Treasury fund USTB, launched in early 2024, held more than $967m when Invesco Advisers took over portfolio management on 24 March 2026 while Superstate retained onchain issuance, blockchain settlement and digital transfer agency; the same division of labour applies to the Bitwise Crypto Carry Fund. Its Opening Bell product records official company shares on Ethereum and Solana, with Galaxy and SharpLink among the first issuers, and the Direct Issuance Programs announced for 2026 would let issuers sell new shares against stablecoins under existing shelf registrations rather than through underwriters.
Products and services
- Opening Bell
- Registry for official company shares recorded on Ethereum and Solana, with Superstate acting as SEC-registered transfer agent.
- USTB
- Tokenized short-duration US government securities fund holding over $967m, managed by Invesco Advisers from the second quarter of 2026.
- FundOS
- Issuance and servicing stack used by asset managers to place private funds, mutual funds and ETFs onto blockchain rails.
Coverage
Developments in which Superstate is a named party, newest first.