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Issuer Profile·United States

Superstate

Superstate issues USTB, a private Section 3(c)(7) fund providing tokenized short-duration U.S. government exposure via Ethereum and Solana.

superstate.com ↗
Aggregate quality score
65/ 100
Weighted by outstanding supply
Tracked capital$595.83M
Instruments1
OCB — 01·Coverage
$595.83M total tracked capital

1 instrument under coverage

Instruments under this issuer, by trust score.
InstrumentClassScoreTierSupply (USD)Trace
USTBTreasury65DEVELOPING$595.83M
OCB — 02·Score history
40 readings

Superstate — aggregate quality score, 90 days

Superstate — Aggregate Quality Score

Weighted-average composite score (0–100)

Fig 1

Superstate aggregate quality score is 65 as of Oct 10, 2026, weighted by outstanding supply across 1 rated instrument.

ONCHAIN
BENCHMARK
QUALITY SCORE 0–100 DATE 0 30 60 90 100 Aug 26 Sep 26 Sep 26 Sep 26 Sep 26 Sep 26 Oct 26 Oct 26 65
Source: OCB Quality Ratings · Superstate · onchainbenchmark.comUpdated daily
OCB — 03·Issuer metadata

Regulatory standing and governance

Jurisdiction
United States
Regulatory status
No supervising regulator identified for the issuer
Filings & affiliates
SEC (US): Form D exemption notice (Reg D 506(c), 3(c)(7)), not a registered fund · Superstate Asset Trust series (CIK 0002004367) Register ↗
Auditor
Ernst & Young LLP ↗
Legal structure
Private fund, a series of Superstate Asset Trust (Delaware statutory trust, Section 3(c)(7))
Change control
multi-signer
Homepage
https://superstate.com ↗
Methodology

Each instrument under Superstate is scored independently across four dimensions — Disclosure Quality, Redemption Liquidity, Structural Trust, and Holder Concentration — contributing up to 25 points each. The aggregate score shown here is weighted by outstanding supply across 1 rated instrument.

Read the full methodology →
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Independent · Not investment advice