VENUEVERITAS

RWA / YIELD INTELLIGENCE

USTB Superstate Short Duration US Government Securities Fund

Tokenized private fundFund share

Tokenized private fund share providing short-duration US Treasury bill exposure; NAV-accretion yield, allowlisted holders only.

Compare RWAsInspect evidence

Where does the yield come from?

Trace who economically pays. Reported APY is not a guaranteed return.

  1. Fund holds short-duration US Treasury bills
  2. T-bill interest/discount income accrues to the fund
  3. Invesco manages portfolio composition and duration
  4. Superstate FundOS computes and records NAV per share
  5. NAV accretion reflected in USTB redemption value
  6. Allowlisted holder transfers/redemptions recorded by Superstate
Primary source
Treasury interest
Secondary source
Unknown
Who pays economically
Short-duration US Treasury bills held by the fund.
Variable / fixed
Variable
Gross / net
Unresolved
Dated yield snapshot
Unknown

Short T-bill interest/discount income accrues into the fund's NAV; USTB token value tracks NAV accretion rather than distributing periodic coupons.

Verified structured · Source

How yield is distributed

Mechanism
NAV accretion
Notes
Value accrues into the token's NAV-based redemption value.

What sits underneath?

Underlying assets and strategies from primary evidence only.

Short-duration US Treasury bills.

  • Short-duration US Treasury bills

Exact current maturity/allocation profile not structured as a dated snapshot this pass.

Verified structured · Source

What happens when things go wrong?

Structural loss path — not a risk score. Unknown protections stay Unknown.

Who takes the loss first
UNKNOWN — fund-level loss allocation not itemized this pass beyond standard short-duration Treasury fund risk.
Documented protections
Short-duration US Treasury exposure carries minimal credit risk typical of the asset class; specific fund-level protections not itemized this pass.
Investor exposure
Holders bear fund NAV risk from interest-rate/duration movements typical of short-duration Treasury funds.

Researched unresolved · Source

How do I get my money back?

Primary redemption ≠ secondary DEX liquidity. Eligibility is scoped.

Eligible investors
Allowlisted holders only.
Primary redemption
Redemption via Superstate FundOS at NAV, subject to allowlist eligibility.
Timing
UNKNOWN
Settlement asset
UNKNOWN
Minimum
$100,000, unless waived (per fund terms).
Restrictions
Allowlist gating; eligibility requirements per fund offering terms.
Secondary liquidity
Secondary transfers restricted to allowlisted holders.

Verified structured · Source

Who holds the underlying assets?

Separate asset custody, cash custody, crypto custody, and token control.

Asset custody
Fund assets held per Invesco fund custody arrangements; specific custodian not itemized this pass.
Cash custody
UNKNOWN
Crypto custody
Superstate FundOS platform manages onchain token issuance/transfer as the tokenization layer over the fund share register.

See tokenControl block.

Verified structured · Source

Fees

Gross yield and net yield are not the same. Not ranked by APY.

  • Fund management fee (Invesco)UNKNOWNResearched unresolved · Source
  • Superstate FundOS / transfer agent feeUNKNOWNResearched unresolved · Source

Regulation

Authorization is entity × jurisdiction × instrument scoped — not a brand label.

USTB represents shares in a private fund managed by Invesco, tokenized via Superstate's FundOS platform; offered to eligible/allowlisted investors, not the general public.

Entity
Invesco Short Duration US Government Securities Fund
Jurisdiction
US
Instrument
Private fund share (tokenized)
Authorization / registration
UNKNOWN — no additional SEC registration instrument located this pass

Verified structured · Source

Audit / assurance

Smart-contract audits are not fund audits or loan audits. No combined “audited” badge.

No structured assurance rows in this pack.

Smart-contract / token controls

Operational controls — not a decentralization score.

Mint
Superstate FundOS-controlled issuance to allowlisted holders.
Burn
Superstate FundOS-controlled redemption/burn.
Pause
UNKNOWN
Freeze / blacklist
Allowlist gating implies restriction capability; specific mechanics UNKNOWN.
Upgrade
UNKNOWN
Allowlist
Superstate-managed allowlist gating eligible investors.

Verified structured · Source

Tokenization layer

Chains
Unknown
Official ownership record
Superstate FundOS transfer agent record is the official ownership record.
Transfer restrictions
Allowlist-gated; transfers restricted to eligible holders.

Specific chain enumeration not itemized this pass (UNKNOWN).

Verified structured · Source

Research dimensions

  • Who can hold USTB?

    Allowlisted holders, subject to a $100,000 minimum unless waived per fund terms.

    Verified structured · Source

  • What backs USTB?

    Short-duration US Treasury bills managed by Invesco.

    Verified structured · Source

  • How is USTB ownership recorded?

    Superstate's FundOS platform acts as transfer agent and maintains the official ownership record.

    Verified structured · Source

What must keep working?

Material dependencies only. Count is not a risk score.

  • IssuerInvesco Short Duration US Govt Securities FundFund share issuance
  • Asset managerInvescoPortfolio management
  • Transfer agentSuperstate FundOSTokenization / official ownership record
  • AssetShort-duration US Treasury billsYield-bearing collateral

Evidence domains

  • Entity / issuerVerified structured

    Invesco + Superstate named

  • Legal claimVerified structured

    Fund share, tokenized

  • Yield sourceVerified structured

    Short T-bill interest

  • Yield waterfallVerified structured
  • Loss waterfallResearched unresolved

    Standard duration risk, detail unresolved

  • Underlying assetsVerified structured

    Short T-bills

  • Distribution mechanismVerified structured

    NAV accretion

  • RedemptionVerified structured

    $100k minimum unless waived

  • FeesResearched unresolved
  • CustodyResearched unresolved

    Custodian not named

  • RegulationVerified structured

    Private fund, tokenized

  • Assurance / auditNot researched

    No assurance report identified this pass

  • Token controlVerified structured

    Superstate allowlist

  • Tokenization / chainVerified structured

    Superstate transfer agent record

  • DependenciesVerified structured
  • Geographic / eligibility restrictionsVerified structured

    Allowlist, $100k minimum

Open gaps

  • Custodian name
  • Chain enumeration
  • Fee schedule
  • Redemption timing

Primary sources

RWA / Yield Asset Intelligence. No RWA score. No APY ranking. Unresolved states remain unresolved.