Bitwise USCC Shares Cross $120M as Collateral on Aave Horizon

The Bitwise Crypto Carry Fund, formerly known as the Superstate Crypto Carry Fund (USCC), has officially integrated with Aave Horizon following its transition to Bitwise management. This development sees over $120 million in USCC deposits utilized as collateral on the Aave Horizon platform, enabling qualified investors to borrow stablecoins against their tokenized fund shares. Originally created by Superstate in 2024, the fund employs a market-neutral crypto basis strategy to capture yield from the spread between spot and futures prices. While Bitwise now serves as the investment manager, Superstate continues to maintain the underlying onchain infrastructure, demonstrating a modular approach to RWA tokenization. The fund currently reports approximately $269.43 million in total assets under management with a 30-day yield of 5.00%. This integration marks a significant milestone for Aave Horizon, reinforcing its position as a primary lending venue for institutional-grade RWA collateral. By bridging permissioned tokenized assets with permissionless stablecoin liquidity, the partnership highlights the growing utility of RWA shares within decentralized finance ecosystems.

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