Onchain vault provider Upshift has partnered with asset management firm Superstate to introduce Upshift Clear, a new redemption infrastructure designed to solve the prolonged settlement delays plaguing the tokenized real-world asset (RWA) market. The platform deploys dedicated USDC vaults that act as bridging capital, allowing RWA holders to receive instant liquidity at T+0, regardless of banking holidays or market hours.
The conventional redemption process for tokenized RWAs relies on off-chain infrastructure, NAV calculations, custodian operations, and bank wire transfers, often taking days to finalize. Upshift Clear replaces this with an on-chain mechanism: when a user requests a redemption, the vault fronts them USDC instantly, while the actual underlying redemption with the issuer proceeds in the background. This mirrors the liquidity model that made stablecoins composable across decentralized finance.
Liquidity providers who deposit USDC into the vaults receive clrRWA receipt tokens, which are composable and automatically accrue fees generated from the premium charged on each instant redemption. The platform is built to be generalized—supporting any RWA with a standard redemption mechanism—with each eligible asset receiving its own vault, dedicated liquidity pool, and receipt token.
At launch, the service supports instant redemptions for Superstate’s Crypto Carry Fund (USCC), a $267 million fund that yields returns from a crypto basis trade. Earlier this week, Bitwise announced it would take over investment management of the fund. Upshift co-founder Aya Kantorovich emphasized that while tokenized assets have proven they can operate natively on-chain, the redemption experience remains tethered to traditional rails, and Clear aims to bring the same instant liquidity properties to RWAs that stablecoins enjoy in DeFi.
