Bitwise to manage first tokenised fund

Bitwise Asset Management will become the investment manager for the Bitwise Crypto Carry Fund (USCC), its inaugural tokenised fund.

USCC, Superstate’s crypto carry fund, was built to bring crypto-native investment strategies on-chain within a compliant fund structure.

The fund will transition from Superstate’s management to Bitwise on 1 June 2026, with Superstate continuing to power the on-chain rails through its FundOS, infrastructure for bringing institutional-grade funds on-chain.

The fund gives qualified purchasers access to crypto cash-and-carry strategies, staking and T-bills, with the operational benefits of tokenised infrastructure.

Since its launch, USCC has grown to more than 100 institutional investors and 0M+ in assets, with 0M+ actively deployed as collateral across on-chain markets.

After the transition, Bitwise will join Invesco and Coinbase Asset Management to become the third asset manager using Superstate’s FundOS platform.

A significant share of USCC’s assets are used as collateral in major DeFi protocols, such as Aave Horizon and Kamino, offering investors utility and capital efficiency unavailable in traditional fund structures.

Invesco Private Capital, an affiliate of Invesco Ltd, made a strategic investment in Superstate as part of the company’s .5 million Series B funding earlier this month.