Upshift Clear fronts USDC for instant RWA redemptions

Upshift and Superstate launched Upshift Clear, a vault platform that fronts USDC to provide immediate redemptions for tokenized real-world assets. The platform debuted with Superstate’s Crypto Carry Fund (USCC). Upshift Clear supplies dedicated USDC liquidity so holders can redeem tokenized assets instantly while the issuer completes cash settlement later.

The platform was built to address a settlement gap in tokenization where on-chain token transfers move faster than off-chain cash settlement processes such as net asset value calculations, custodian transfers and bank wires. Clear vaults advance USDC to redeeming holders on a T+0 basis, regardless of market hours or bank holidays.

Under the Clear model, liquidity providers deposit USDC into vaults and receive clrRWA, a composable receipt token that represents their stake and accrues fees from instant redemptions. When an RWA holder requests a redemption, the vault fronts the USDC immediately and the fund or issuer completes the formal redemption and cash transfer afterward. Liquidity providers earn revenue from the premium charged for instant redemptions and assume short-term fronting risk.

Upshift Clear is designed to support any tokenized real-world asset that has a standard redemption mechanism. At launch it will support instant redemptions for Superstate’s USCC, a tokenized vehicle that generates yield from a crypto basis trade.

Bitwise was announced earlier this week as the incoming investment manager for Superstate’s $267 million USCC fund. Upshift and Superstate did not disclose other funds or assets that will adopt Clear at launch.

Aya Kantorovich, Upshift co-founder, wrote in the announcement: “Tokenized assets have proven they can operate natively onchain, but the redemption experience still runs through traditional settlement infrastructure. Upshift Clear gives RWA holders the same instant liquidity properties that made stablecoins composable across DeFi.”

The platform separates liquidity provision from final settlement. The receipt token clrRWA lets liquidity providers keep their capital active in decentralized finance while it is used to meet redemptions. The issuer remains responsible for completing the formal redemption process and cash settlement.