The memo
v2 SUPERSEDES v1. Access resolved 2026-08-01: qualified purchasers only, $100,000 minimum initial investment unless waived by Superstate. Our clients cannot hold it. Rejected on access, not quality. The v1 observation stands and stays on the watch list from outside: USTB as Aave Horizon collateral remains the first real example of tokenised RWA composing with DeFi lending — the leading indicator of whether the two worlds actually merge.
What would reopen the file
- n/a — rejected on access. Revisit if Superstate ships a class below the qualified-purchaser bar
Facts on file
- Verdict
- Rejected
- Exposure
- tokenized RWA
- Chains examined
- Ethereum, Plume Mainnet
- Instruments
- USTB
- Memo version
- v2
- Reviewed
- Next review