Bitwise to Take Over Superstate's $267M Tokenized Crypto Carry Fund

Bitwise Asset Management has announced it will assume the role of investment manager for the Superstate USD Crypto Carry Fund (USCC) effective June 1, 2026. This transition marks Bitwise's inaugural entry into the tokenized fund market, managing approximately $267 million in assets. The USCC fund utilizes blockchain technology to provide investors with exposure to crypto-collateralized lending strategies. This move follows Superstate's recent strategic decision to divest its fund management operations, having previously transferred its U.S. Treasury fund to Franklin Templeton earlier this year. By taking over USCC, Bitwise expands its product suite beyond its existing crypto index and spot ETF offerings. The fund will continue to operate on its current blockchain infrastructure, maintaining continuity for existing investors. This acquisition highlights the ongoing consolidation trend within the RWA sector as established asset managers integrate tokenized products into their portfolios.

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