According to Odaily Planet Daily, blockchain asset management company Superstate announced the launch of its second investment product, Superstate Crypto Carry Fund (USCC). USCC is a private tokenized fund that aims to provide qualified buyers with compliant and convenient crypto "cash-and-carry" transactions, with ownership represented in the form of tokenized and non-tokenized shares.
USCC’s strategy exploits price differences between the Bitcoin and Ethereum spot and futures markets and will optimize the return and risk of the portfolio, including basis opportunities, collateral, and U.S. Treasuries (relative to the Federal Funds Rate). By offering the option to issue USCC as an ERC-20 token on the Ethereum blockchain, the fund will allow qualified investors to use it for collateral or settlement in the future, thereby increasing its utility.