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Superstate

Superstate Inc.

United States

Financial Assets

Fixed Income

Treasuries

Overview

Issuer DescriptionSuperstate, founded in 2023, is a financial technology company that utilizes blockchain technology to develop investment products. Their main offering Superstate Short Duration US Government Securities Fund (USTB), is a tokenized fund that invests in short-duration U.S. Treasury Bills and targets returns in line with the federal funds rate, providing daily liquidity and integration with Decentralized Finance (DeFi) protocols. This approach allows investors to take advantage of blockchain's speed and programmability while maintaining regulatory compliance and operational efficiency. Superstate's solutions are designed for both individual investors and corporate treasuries, offering simplified ownership structures and greater flexibility. By leveraging the transparency and security of blockchain, Superstate aims to create a more efficient and accessible financial system. Their approach addresses modern financial needs by providing investment opportunities that align with current regulatory standards. Through their products, Superstate seeks to establish a new standard in the financial industry, combining technological innovation with practical financial management to deliver value to their clients.

Personnel11-50

Year of Incorporation2023

Development StageEarly Stage

Legal TypeRegular Corporation

Website

https://superstate.co/

White Paper-

Terms & Conditions-

Blockchain Ecosystems

info@superstate.co

Phone+1 (713) 557-5193

Legality & Financial Audit

Legal EntitySuperstate Inc.

Registration Number98077530

Issuer IndustryInvestment & Asset Management

LEIN/A

Audit

Yes

Finances AuditorEY

Finances Audit Date

Additional CommentA financial Audit is conducted for the fund, to provide independent annual assessments of the Fund’s financial statements and added transparency for our investors. There is no publicly available documentation on audit details.

Regulatory Compliance

National Regulation

Yes

Asset Regulation

Yes

Token Regulation

Yes

Additional CommentSuperstate Inc. is currently exempt from registration with the U.S. Securities and Exchange Commission (SEC) under the private fund adviser exemption, as outlined in the Investment Advisers Act of 1940. This exemption applies to advisers who solely manage private funds and meet specific criteria.

Additional CommentThe Fund is organized as a series of Superstate Asset Trust, a Delaware statutory trust. Superstate Inc. serves as the Investment Manager for the Fund.The Fund is exempt from registration with the U.S. Securities and Exchange Commission (SEC) as a private fund per Section 3(c)(7) of the Investment Company Act and is only available to a limited subset of potential investors that meet certain criteria as outlined in the Private Placement Memorandum.

Additional CommentThe tokens representing shares in the Superstate Fund are not directly regulated by the SEC. They fall under the Fund's 506(c) exemption of Regulation D, which allows offering to accredited investors through private placements, subject to securities laws and verification of investor status.

KYC/AML Information

KYC/AML Process

Yes

KYC/AML ProviderIn-house Service

Additional CommentInvestors must undergo a standard Know Your Customer/ Anti-Money Laundering (KYC/AML) process administered by Superstate Inc. before being able to purchase USTB. As part of onboarding, Superstate Inc. collects Ethereum addresses from each investor. Upon successful onboarding, Superstate adds the investors’ provided addresses to an AllowList smart contract which ensures USTB is only held in approved addresses. The AllowList requires 2/4 signatures via Fireblocks MPC (https://forum.arbitrum.foundation/t/superstate-short-duration-us-government-securities-fund-ustb-step-application/23234/3)

Risk Metrics

Ongoing Monitoring And Risk Management

Transparency And Reporting

Disaster Recovery And Business Continuity

Continuous Management Training (Procedure Descriptions)

Additional Comment-

Location

Primary Location

CountryUSA

Stage / RegionCalifornia

Postal Code94105

CitySan Francisco