Introducing Continuous Pricing, Offering 24/7/365 Fund Management

Superstate Oct 31, 2024
Introducing Continuous Pricing, Offering 24/7/365 Fund Management

At Superstate, we’re advancing our mission to modernize finance with the latest upgrade to our tokenized treasury fund, USTB: continuous pricing (NAV per share). This first-of-its-kind enhancement allows investors to earn interest by the second, make purchases outside of normal business hours, and eventually, unlock major new functionality on-chain.

The investor portal now displays a Continuous NAV/S (NAV per share) for USTB, which increments by the second, 24/7/365. USTB purchase and redemption transactions will use the Continuous NAV/S, at the time they are received, eliminating the need to wait for the next business day. In addition, token minting now occurs on-demand.

Prior to this upgrade, USTB worked the same way under the hood as other traditional funds and tokenized products; subscriptions and redemptions relied on a T+1 settlement cycle, and interest was calculated in increments of days. But DeFi and on-chain products aren’t limited to business hours, and have proven the advantages of on-chain settlement and continuous interest accrual. In order to maximize composability with on-chain systems, tokenized products must first operate at the same speed, and this upgrade sets the foundation for major future enhancements.

We expect to introduce atomic minting and redemptions soon through upgrades to the USTB contracts on Ethereum, which will unlock new workflows for DeFi protocols, stablecoin issuers, and automated investment strategies.

We’re excited to be the first to bring continuous pricing to market, and we believe this upgrade sets a new standard for how investment products should function in today’s digital-first financial landscape.

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