USTB offers qualified purchasers exposure to short-duration US Treasury bills and government agency securities. NAV accrues continuously into the token price with subscriptions and redemptions in USD or USDC. Superstate operates its own SEC-registered transfer agent for on-chain share records.
Tokenized short-duration treasuries with continuous NAV accrual.
Prism analyst note
USTB competes directly with BUIDL and OUSG on institutional treasury exposure, differentiating on Superstate's vertically integrated stack: the firm runs its own registered transfer agent, giving it unusual control over on-chain share records. Growth through 2025 was strong. Duration risk is minimal (sub-one-year); the practical considerations are eligibility (QP only) and allowlist liquidity.
Generated from issuer disclosures and reviewed against the sources listed below. Not investment advice.
Prism read this token's contract directly on its chain and confirmed the figures the issuer publishes.
- What was checked
- Prism read this token's contract on Ethereum and confirmed the symbol, decimals, and supply the issuer publishes.
- Source
- Superstate
- Last verified
- Jan 10, 2026
- Token contract
- 0x4341…1C4e
- Custody
- Qualified US bank custodian (fund assets)
Structure & compliance
Documents & disclosures
Frequently asked
How is yield delivered?+
NAV accrues continuously into the token price; there are no rebases or dividend tokens.











