Superstate, a blockchain-based asset management firm, has launched a new tokenized fund that will generate yield through a "cash and carry" investment strategy. The fund, called USCC, will buy spot bitcoin and ether and take an equal size of short positions of BTC and ETH futures, resulting in a delta-neutral position. The yield will be distributed to all token holders, and the fund is targeted towards qualified investors to comply with US securities laws. Superstate's previous tokenized fund, which holds short-term US Treasury bills, has gathered almost $80 million in assets since its launch earlier this year.

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