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.