Upshift Clear was launched to address the so-called “payment gap” that has arisen in the tokenization space by “applying the bridging logic of traditional on-chain capital.”
The platform is dedicated $USDC The vault provides instant liquidity when RWA holders wish to redeem through a type of loan. When an RWA holder redeems a safe, they are standing “in front” ($USDC) Immediately, the payment process will move to “T+0…regardless of market hours or bank holidays,” the announcement said.
This is in contrast to standard processes that include off-chain infrastructure, NAV calculations, custodian processes, and bank transfers. Rather, actual underlying redemptions from RWA issuers take place in the background, allowing liquidity providers to park funds in a vault and earn fees from redemption premiums.
“While it has been proven that tokenized assets can be operated natively on-chain, the redemption experience is still performed through traditional payment infrastructure. Upshift Clear provides RWA holders with the same instant liquidity characteristics that have made stablecoins configurable across DeFi,” Upshift co-founder Aya Kantorovic said in a release.
Upshift Clear is designed as a versatile platform for instant redemption of RWAs and will support instant redemption of Superstate’s Crypto Carry Fund (USCC) at launch. Fund liquidity providers can now deposit $USDC To receive clrRWA, you receive a configurable “Receive Token” that earns fees from instant redemptions.
The platform supports any RWA “with standard redemption mechanisms” and offers Clear Vault with dedicated liquidity pools and receipt tokens.
Earlier this week, Bitwise announced it would take over as investment manager of Superstate’s $267 million tokenized USCC fund. The fund earns yield from cryptocurrency-based transactions.
