What is Superstate Short Duration U.S. Government Securities Fund (USTB)?

USTB is a fund that invests in short duration U.S. Treasury and U.S. Agency securities, aiming to align with the federal funds rate. It charges a management fee of 0.15% and allows U.S. Qualified Purchasers to subscribe and redeem using USDC at a daily net asset value (NAV) calculated by NAV Consulting. The fund employs an Ethereum-based Allowlist that facilitates on-chain ownership, transfer, and compliance.

Superstate acts as the Fund’s investment manager, with Federated Hermes as the sub-advisor. USTB is structured as a series of a Delaware Trust, which is legally distinct from Superstate. Investors have options for custody, including self-custody in preferred on-chain addresses or using established custodians such as Anchorage Digital Bank National Association or BitGo.