Superstate

Superstate is a financial technology firm reshaping capital markets. Disclosures:

[Superstate @SuperstateInc]

1/ Your IPO deep dive starts now.

The debut episode of The Pop goes backstage on a process most people only see at the finish: how a company goes public.

@JoeRBLT, CEO of @RBLTSecurities, walks through the journey from decision to day one of trading.

https://t.co/uYQJRh0lAT

[Superstate @SuperstateInc]

2/ More on what onchain IPOs unlock:

https://t.co/UOROnCASNx

[Superstate @SuperstateInc]

1/ SpaceX could be the world’s most valuable IPO. But it could be even bigger. How?

By adding an onchain allocation, expanding day-one access to a global, internet-native investor base.

Same IPO. More distribution.

[The Wall Street Journal @WSJ]

SpaceX is eyeing a valuation of around $1.75 trillion in its blockbuster initial public offering planned for next week, according to people familiar with the matter. https://t.co/gEiwyk1kIH

[Superstate @SuperstateInc]

Why $5.5T?

Tokenization makes assets more useful:

➕ Faster settlement
➕ 24/7 transfers
➕ Live ownership records
➕ Programmable compliance
➕ Always-on collateral
➕ DeFi composability

[CoinDesk @CoinDesk]

INSIGHT: @Citi projects the tokenized securities market will grow from $17B today to $5.5T by 2030.

[Superstate @SuperstateInc]

Big week for USCC.

With @Bitwise now managing the strategy, Superstate continuing to power the rails, and $120M+ already deployed on @Aave Horizon, the fund is showing what tokenized assets are here to do.

Put capital to work.

[Aave @aave]

USCC was created by @SuperstateInc in 2024 and integrated with Aave Horizon in 2025.

Yesterday, Bitwise became the fund's investment manager, while Superstate continues to run its onchain infrastructure.

Find USCC here: https://t.co/PCbUyIsedo

[Superstate @SuperstateInc]

3/ By the time the bell rings, the outcome is already largely determined.

Who got shares? How was the price set? What kind of shareholder base is left after day one?

Your IPO primer is now live. Catch it on YouTube, Apple Podcasts, or Spotify:

https://t.co/xX5SFvrsrQ

[Superstate @SuperstateInc]

1/ Your IPO deep dive starts now.

The debut episode of The Pop goes backstage on a process most people only see at the finish: how a company goes public.

@JoeRBLT, CEO of @RBLTSecurities, walks through the journey from decision to day one of trading.

https://t.co/uYQJRh0lAT

[Superstate @SuperstateInc]

2/ From the outside, the path looks simple.

Inside, it’s a gauntlet of high-stakes moves:

➕ Filings
➕ SEC review
➕ Investor meetings
➕ Pricing
➕ Share allocation
➕ IPO day

Every step shapes what happens when the stock finally trades.

[Superstate @SuperstateInc]

Onchain and TradFi are beginning to blend, giving us the best of both worlds.

@rleshner shares more on @CryptoAmerica_

[Superstate @SuperstateInc]

Subscribe to watch new episodes of The Pop whenever they drop:

https://t.co/VpgyFtzkkE

[Superstate @SuperstateInc]

When planning an IPO, issuers must consider the short and long game.

That's why you date the banker, marry the analyst.

@JoeRBLT explains on Episode 1 of The Pop.

Full watch coming soon.

[Superstate @SuperstateInc]

USCC is now the @Bitwise Crypto Carry Fund.

Bitwise manages the strategy. Superstate powers the rails.

$260M+ in assets. 100+ institutional investors. $120M+ used as onchain collateral.

Superstate FundOS is bringing asset management onchain.

[Bitwise @Bitwise]

Introducing the Bitwise Crypto Carry Fund (USCC)—a $259 million tokenized fund* built to provide yield through a market-neutral “crypto basis” strategy. Current annual yield: 4%. Powered by Superstate FundOS. Available to qualified purchasers.

More color on USCC:

- Runs a market-neutral basis-trade strategy: Holds crypto assets like BTC, ETH, SOL, and XRP and sells those assets’ futures contracts to generate yield from the difference
- Tokens accepted as collateral in major DeFi markets including Aave, Kamino, and Morpho—gives investors ability to borrow stablecoins against positions
- Originally created by @SuperstateInc in 2024. Today Bitwise takes over investment management of the fund; Superstate will continue to run its onchain infrastructure.
- Bitwise’s first-ever tokenized fund

USCC couples Superstate’s best-in-class infrastructure with Bitwise’s long track record in crypto asset management. Thrilled to partner with a true onchain pioneer to continue expanding access to the full range of opportunities in crypto.

Interested? Send us a message here or go to https://t.co/Ov8wMFWRcz

*As of June 1, 2026

[Superstate @SuperstateInc]

Onchain and TradFi are beginning to blend, giving us the best of both worlds.

@rleshner shares more on @CryptoAmerica_

[Superstate @SuperstateInc]

Everyone talks about why companies should IPO.

But before a company goes public, there’s a harder question: Should it?

In episode 1 of The Pop, @JoeRBLT explains how an IPO can create value, or turn a company into a zombie.

Full episode soon: https://t.co/Rx3lqBz3JU

[Stable Summit 🦫 @stable_summit]

Superstate connects financial assets with crypto capital markets through onchain public listings and tokenized investment products. That is what Simon Miall brings to the infrastructure conversation on June 4.

Simon Miall, Senior Business Development at @SuperstateInc, joins the panel on Tokenized Assets, Stablecoin Cash Legs and the Infrastructure Gap at Stable Summit IV: NYC.

New York · https://t.co/rKvnhPrtjU

[Superstate @SuperstateInc]

Superstate FundOS is the operating system for tokenized funds.

Soon, it will power onchain funds from some of the world’s leading asset managers.

[Stabledash @stabledash]

.@HiltnerJim, Co-Founder & Head of BD at @Superstateinc, on FundOS and what it's enabling for tokenization:

"FundOS is the unveiling of us not being an asset manager competing with Invesco, but actually being a partner helping magnify their ability to create really cool products."

"Invesco is taking over $USTB literally in four or five days next week. @InvescoUS has $2.3 trillion of assets under management."

"The first external manager coming on that platform is @CoinbaseAM. There's a whole slew of others that you guys should pay attention to for the next few weeks."

[Superstate @SuperstateInc]

Everyone talks about IPO day. We’re going deeper.

Who gets in early? Who pulls the levers? Who wins before trading even begins? What really happens before and after the bell?

Presenting The Pop: a Superstate podcast exploring America’s IPO machine.

https://t.co/0pRqWoNpC9

[emilyecoleman.eth @EmilyEColeman]

We are very excited for @SuperstateInc's first podcast to drop next week! "The Pop" is a podcast focused on explaining the American IPO process: from making the decision to go public, all the way to what it's like being a public company.

Like and subscribe to get notified of next week's first episode:

Youtube: https://t.co/ajxTsV8U5p
Spotify:https://t.co/yvYVCnzBEG
Apple: https://t.co/ZoWx0XkDJk

[Superstate @SuperstateInc]

IPOs have a major public moment, but the real story starts long before trading begins.

The Pop is a new podcast from Superstate about the decisions, incentives, players, and market machinery behind going public.

First episode coming soon.

[Superstate @SuperstateInc]

A trillion-dollar crypto IPO market is big. Making IPO access global and digital is bigger.

Onchain IPOs are coming.

[Frank Chaparro @fintechfrank]

Crypto IPOs could create massive $1 trillion market amid tokenization wave, Jefferies says https://t.co/ypJe7ShoPr

[Superstate @SuperstateInc]

A big step toward more open, modern capital markets.

We’re excited to work with @CoinList to help bring equities onchain.

Join the waitlist below.

[CoinList @CoinList]

Tokenized equities are moving from idea to reality.

Through CoinList + @SuperstateInc , investors can access IPOs and equities fully onchain directly to their self-custody wallets.

No wrappers, real equity.

Join the Superstate waitlist: https://t.co/fypgaU9bz8