Superstate

Superstate issues tokenized funds and shares on Ethereum: USTB (a short-duration US Treasury fund) and USCC (a crypto basis fund) for qualified investors, plus Opening Bell tokenized public equities. Holding the tokens requires Superstate onboarding and an allowlisted wallet.

Rating C: 10 restrictions: 8 countries + Feature Block, KYC / allowlist. RWA / tokenized funds · Ethereum.

Official app: superstate.com. Frontend code: closed.

Restrictions

Geo Block: yes. superstate.com answers HTTP 403 'Access restricted: Access to this site is not permitted from your location'. The countries are those of the live probe (see the observations; 2026-10-12: AF, BY, CU, IR, LB, MM, RU, SY, VE). Blocked countries: Belarus, Russia, Syria, Venezuela, Cuba, Myanmar (Burma), Afghanistan, Lebanon.
Feature Block: yes. Funds (USTB, USCC): qualified purchasers in supported countries only (at least $5m investable assets for individuals, $25m for institutions). Tokenized equities: all investors in supported jurisdictions. Access is an allowlist of supported countries rather than a list of banned ones.
Wallet screening: n/a.
VPN / Tor detection: n/a.
KYC / allowlist: yes. Onboarding with KYC (via Parallel Markets), then wallet allowlisting; USTB transfers to non-allowlisted addresses revert on-chain. Where it runs: smart contract.
Terms of Service: docs.superstate.com/introduction-to-superstate/onboarding, Last updated unknown. An allowlist, not a blocklist: Superstate Funds are offered only to Qualified Purchasers in 29 supported countries (docs 'Getting started', 2026-10: US, AU, BM, BS, VG, CA, KY, CY, FR, GE, DE, GI, HK, IT, IE, JE, LU, MH, MX, PA, PL, SC, SG, ES, KN, KR, CH, AE, GB); tokenized equities to investors in supported countries. No named restricted country, so no restricted codes.

Notes

Closed frontend. USTB transfers to non-allowlisted addresses revert at the contract level.

Evidence

Checked 2026-10-28. All interfaces · Methodology