Crypto asset manager Bitwise Asset Management is making its debut in tokenized funds by taking over management of the Superstate Crypto Carry Fund, betting that capital markets will move permanently onchain.
Bitwise Enters Tokenized Products with Superstate Crypto Carry Fund Deal
8 May 2026 - 08:58 CEST
Superstate to handle technology
With more than $267mn in assets under management, the fund will be renamed Bitwise Crypto Carry Fund, Bitwise said in a 7 May statement. The transition is expected to take place on 1 June, and the fund will retain the same USCC ticker, smart contracts and token address.
Under the partnership, Bitwise, which manages $11bn in client assets, will take on full investment management responsibilities for the fund. Superstate will continue to operate the onchain infrastructure, including tokenized issuance and digital transfer agency services.
Tokenization growth
The fund will be available to qualified purchasers, allowing them to capture yield via the crypto cash-and-carry trade, as well as take advantage of “the persistent premium of crypto futures prices over spot prices,” Bitwise said.
"Traditional and crypto-native institutions are increasingly using tokenized funds to benefit from their 24/7 trading, utility in DeFi, transparency, and efficiency," Hunter Horsley, CEO of Bitwise, said.
Benefits of blockchain infrastructure
San Francisco-based Bitwise said that the onchain market for tokenized real-world assets is more than $30bn globally, and is projected to reach $18.9tn by 2031.
It expects growth to be driven by demand from major financial institutions seeking to leverage blockchain infrastructure to improve liquidity, settlement efficiency and investor access.
Bitwise Asset Management offers more than 70 investment products, including ETFs, private funds, hedge fund strategies and staking.
