Cryptocurrencies,  Staking

Upshift’s New Vault Platform Allows Instant RWA Redemption

USDC vaults will provide instant liquidity to RWA holders

Onchain vault provider Upshift has partnered with asset tokenization firm Superstate to launch a new redemption platform for tokenized real-world assets.

Upshift Clear will bridge the settlement gap in the real-world asset (RWA) tokenization sector by “applying the logic of traditional bridging capital onchain,” Upshift said in a release

Dedicated USDC stablecoin vaults will provide instant liquidity to RWA holders via a loan when they want to redeem assets. RWA holders looking to settle sales will be “fronted” capital instantly, making the settlement process “T+0… regardless of market hours or banking holidays.”

Normally, the process involves offchain infrastructure, net asset value (NAV) calculations, custodian processes, and the use of bank wire transfers, all of which adds costs and time to the redemption process.

Instead, liquidity providers will be able to front capital to a vault accessed by the seller as the underlying redemption process happens at normal speed in the background. Liquidity providers will earn fees from the redemption premium charged.

“Tokenized assets have proven they can operate natively onchain, but the redemption experience still runs through traditional settlement infrastructure,” said Upshift co-founder Aya Kantorovich. “Upshift Clear gives RWA holders the same instant liquidity properties that made stablecoins composable across DeFi.”

Upshift Clear has been designed as a generalized platform for RWA redemption, supporting fintech and asset manager Superstate’s Crypto Carry Fund (USCC) at launch. Liquidity providers who supply USDC will receive clrRWA composable receipt tokens, which earn fees from the instant redemption of real-world assets.

Upshift Clear supports any RWA with a standard redemption mechanism, providing dedicated liquidity pools and receipt tokens for Clear vaults.

Bitwise takes over Superstate’s CCF

Last week, Bitwise took over investment management of Superstate’s $267 million Crypto Carry Fund, which it will rename the Bitwise Crypto Carry Fund, marking its entry into tokenized funds.

USCC is a tokenized fund available to qualified purchasers that seeks to capture yield via the crypto cash-and-carry trade, capitalizing on the persistent premium crypto futures prices have over spot prices, according to a release.

For Superstate, the deal marks its decision to step back from managing funds to focus on its FundOS infrastructure platform for onchain funds.

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Leo Jakobson, Modern Consensus editor-in-chief, is a New York-based journalist who has traveled the world writing about incentive travel. He has also covered consumer and employee engagement, small business, the East Coast side of the Internet boom and bust, and New York City crime, nightlife, and politics.