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Superstate is upgrading its USTB fund by introducing 'continuous pricing'
2024-10-31 15:45
Odaily News Tokenization company Superstate announced an upgrade to its USTB fund, introducing a "continuous pricing" feature that allows the fund's net asset value (NAV) to be dynamically updated. USTB holders will enjoy real-time interest accumulation, avoiding delays in traditional market settlement cycles, and investors can start earning returns from the time they invest without having to wait for the NAV to be updated on the next trading day. Robert Leshner, founder of Superstate, said the move marks a breakthrough for the company in traditional finance (TradFi), introducing blockchain logic into traditional finance to enhance the fund product experience. In the future, Superstate plans to launch atomic minting and redemption functions based on this feature, and realize instant conversion of USTB and USDC, paving the way for efficient integration of DeFi protocols and T-bills. Currently, USTB manages more than $145 million in assets with a seven-day yield of 4.80%. (TheBlock)