Bitwise and Superstate Team Up for the New Tokenized Crypto Carry Fund

Bitwise and Superstate Launch the Bitwise Crypto Carry Fund

In an exciting development for the cryptocurrency sector, Bitwise Asset Management, globally recognized for its robust crypto asset management with $11 billion in client assets, has announced a strategic partnership with Superstate. The duo is set to transition the management of the Superstate Crypto Carry Fund to Bitwise, which will subsequently be rebranded as the Bitwise Crypto Carry Fund. This collaboration marks a pivotal entry point into the world of tokenized funds for Bitwise.

The Bitwise Crypto Carry Fund, with an impressive $267 million in assets under management, aims to harness yield through the crypto cash-and-carry trade. This strategy capitalizes on the tendency of crypto futures prices to exceed spot prices, thus offering a unique investment opportunity in the crypto landscape. A diverse array of institutional investors including hedge funds, venture capitalists, and wealthy individuals have shown strong interest in the fund, reflecting the growing appeal of tokenized assets.

Hunter Horsley, CEO of Bitwise, emphasized that the shift towards on-chain capital markets is gaining momentum. “Capital markets are moving on-chain. It's happening fast, and tokenized investment strategies are a core part of this platform shift,” he stated. As traditional and crypto-focused institutions increasingly engage with tokenized funds, the importance of 24/7 trading, transparency, and operational efficiency becomes paramount.

The partnership signals a strategic pivot for Superstate, which aims to focus more on its infrastructure platform FundOS, designed for on-chain fund management. Following the transition, expected to conclude on June 1, 2026, the fund will retain its ticker symbol USCC, smart contracts, and token address, allowing for seamless continuity for existing investors. This change is expected to enhance investor access to a wide array of opportunities in the evolving crypto space.

Robert Leshner, CEO and Founder of Superstate, warmly welcomed Bitwise, noting the significance of this partnership in setting a benchmark for future fund management on Superstate’s infrastructure. By integrating Bitwise’s expertise in crypto asset management with Superstate’s cutting-edge technology, investors can anticipate a higher standard of service and innovation in tokenized funds.

The timing of this announcement could not be better, given the current surge in institutional interest in tokenized funds. The on-chain market for tokenized real-world assets has ballooned to over $30 billion globally, with tokenized U.S. Treasuries exceeding $15 billion alone. As financial institutions explore blockchain technology to enhance liquidity, improve settlement efficiency, and broaden investor access, yield-bearing funds emerge as the fastest-growing segment within this market.

Bitwise Asset Management stands out as a pivotal player in the crypto investment landscape, boasting an eight-year track record and a diverse portfolio of over 70 investment products, including ETFs and hedge fund strategies.

As the cryptocurrency realm continues to evolve, the introduction of the Bitwise Crypto Carry Fund marks a significant milestone in the maturation of the institutional crypto investment landscape. Investors and industry observers alike are eager to see how this partnership unfolds and what innovative solutions it will bring to the table in the near future. The marriage of Bitwise’s extensive experience and Superstate’s modernized framework for capital markets is positioned to set new standards in the industry, aiming not only to adapt to current trends but to lead the way forward in the realm of tokenized investments.

In conclusion, the Bitwise Crypto Carry Fund is a notable initiative that reflects a broader shift in the financial industry towards digital assets. It is a clear indication that tokenization is no longer a fringe concept but a central aspect of future financial strategies, inviting both seasoned investors and newcomers to explore the thriving world of cryptocurrencies with confidence.