Bitwise enters tokenization in takeover of Superstate’s $267 million 'carry fund'

The crypto asset manager will take over Superstate’s $267 million USCC fund as tokenized investment products gain traction with institutions. What to know : Bitwise plans to take over management of Superstate’s $267 million Superstate Crypto Carry Fund on June 1, renaming it the Bitwise Crypto Carry Fund while keeping Superstate’s blockchain infrastructure. The fund offers qualified investors a crypto cash-and-carry strategy, aiming to profit from the spread between spot crypto prices and typically higher futures prices in bullish markets. The deal marks Bitwise’s first move into tokenized funds as Superstate shifts to focus on its FundOS tokenization platform, amid rapid growth in tokenized real-world assets that now exceed $30 billion globally.