#Bitwise
20 articles tagged #Bitwise — curated RWA tokenization coverage.
Bitwise completes takeover of Superstate's $259M crypto carry fund
Bitwise has officially assumed management of the $259 million Crypto Carry Fund (USCC) from Superstate, marking a significant consolidation in the tokenized active-strategy market. The fund utilizes market-neutral crypto cash-and-carry trades to generate yield, currently reporting approximately 4% returns. Its portfolio comprises a diverse mix of cash collateral, tokenized Treasurys, and digital assets such as staked Solana, EtherFi's wrapped Ether, and XRP. While Bitwise takes over the fund's management, the USCC ticker and existing smart contracts remain unchanged, ensuring continuity for qualified purchasers. Superstate is pivoting its strategic focus toward its FundOS tokenized fund platform following this transition. This move highlights the rapid expansion of the tokenized active-strategy sector, which grew from $449 million to $1.38 billion in assets between June 2025 and May 2026. As major asset managers increasingly integrate crypto strategies into both tokenized vehicles and ETFs, this acquisition underscores the growing institutional appetite for sophisticated, yield-generating digital asset products.
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.