Fact-check findings

The reviewer could not reconcile the claim with the evidence it cited. This is a lead, not a ruling that the claim is false.

1. #3[disputed][awaiting moderator]in section: Operator Background: Superstate and Invesco

   “Superstate was incorporated in 2022 and raised a $4 million seed round in 2023 led by ParaFi Capital, 1kx, Cumberland, CoinFund, and Distributed Global, followed by a $14 million Series A.”

   reviewerSuperstate, Inc. was incorporated in 2022.Multiple independent sources (the company's own June 2023 formation coverage, a 2023 seed-round article, and later retrospective reporting calling it 'founded just over two years ago' in August 2025) converge on 2023 as the founding/incorporation year. No source supports 2022.
   Proposed correction (not yet applied)

   Superstate was incorporated in 2023 and raised a $4 million seed round in 2023 led by ParaFi Capital, 1kx, Cumberland, CoinFund, and Distributed Global, followed by a $14 million Series A.
   citedfinance.yahoo.com/news/compound-founder-…e-203526151.html
2. #4[disputed][awaiting moderator]in the timeline

   “2022”

   reviewerSuperstate was incorporated in 2022 (timeline entry).Same underlying date error as the Operator Background section; the page's own cited source does not support 2022 and other independent reporting points to 2023.
   Proposed correction (not yet applied)

   2023
   citedfinance.yahoo.com/news/compound-founder-…e-203526151.html
3. #5[disputed][awaiting moderator]in section: Operator Background: Superstate and Invesco

   “Invesco Ltd. (NYSE: IVZ) is a publicly traded global asset manager headquartered in Atlanta, Georgia, with approximately $1.8 trillion in total AUM as of recent filings.”

   reviewerInvesco Ltd. has approximately $1.8 trillion in total AUM.No source found for $1.8 trillion. Invesco's own monthly AUM press releases and its own March 2026 partnership release both put total AUM between $2.2 and $2.5 trillion throughout the relevant period, materially higher than the page states.
   Proposed correction (not yet applied)

   Invesco Ltd. (NYSE: IVZ) is a publicly traded global asset manager headquartered in Atlanta, Georgia, with approximately $2.4 trillion in total AUM as of recent filings.
4. #6[disputed][awaiting moderator]in section: Assets Under Management and Market Position

   “Growth was steady; by late 2025 the fund approached $967 million AUM according to the March 2026 Invesco-Superstate press release.”

   reviewerBy late 2025, USTB's AUM approached $967 million, per the March 2026 Invesco-Superstate press release.The $967M figure itself is accurate and well sourced, but the page misattributes its as-of date, implying the fund had already reached that size months earlier than the source actually states.
   Proposed correction (not yet applied)

   Growth was steady; by March 2026 the fund approached $967 million AUM according to the March 2026 Invesco-Superstate press release.
   citedwww.prnewswire.com/news-releases/invesco…p-302722437.html

No source the reviewer could reach confirms or contradicts the claim.

1. #12[unverifiable][awaiting moderator]in section: Assets Under Management and Market Position

   “As of July 22, 2026, RWA.xyz reported AUM of approximately $682 million, ranking USTB among the top five tokenized U.S. Treasury funds globally.”

   reviewerAs of July 22, 2026, USTB AUM was approximately $682 million, NAV per share ~$11.15, 7-day APY ~1.49%, 30-day APY ~3.30%, with token distribution of ~60.59M (Ethereum), 216,400 (Solana), 402,000 (Plume), and 29 monthly active addresses.Could not access the cited archived snapshot to verify the precise point-in-time figures. Current live data differs from the page's figures, but that is expected for a continuously updated metric rather than evidence of error. Flagged as unverifiable rather than disputed.
   citedapp.rwa.xyz/assets/USTB

The cited evidence supports part of the claim but not all of it.

1. #7[partially supported][awaiting moderator]in section: Blockchain Deployment and Smart Contract Security

   “An audit conducted October 25-29, 2024 identified two lower-severity findings: an implicit assumption that the contract deployer is authorized in the USTB and USCC contracts (which was flagged as inconsistent with mainnet configurations), and an absence of upper-bound validation on NAV values in the SuperstateOracle's checkpoint function.”

   reviewerThe October 2024 0xmacro audit identified two lower-severity findings: a deployer-authorization assumption and a missing NAV upper-bound check.The specific findings described are accurately summarized in substance, but the page understates severity (calling a Medium finding 'lower-severity') and omits that the same audit had additional Medium findings, giving an overly reassuring picture of the audit's actual scope.
   cited0xmacro.com/library/audits/superstate-3

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: Entity Overview

   “USTB launched on the Ethereum blockchain in February 2024 as Superstate's first tokenized fund product.”

   reviewerUSTB launched on Ethereum in February 2024 as Superstate's first tokenized fund product.Independently corroborated by CoinDesk and The Defiant coverage dated February 1, 2024.
   citedwww.coindesk.com/business/2024/02/01/sup…ield-stablecoins
2. #2[confirmed][no action needed]in section: Entity Overview

   “In March 2026, Invesco Ltd. (NYSE: IVZ), a global investment manager with over $200 billion in its liquidity team AUM, announced it would assume investment management responsibilities from Superstate.”

   reviewerIn March 2026, Invesco announced it would assume investment management responsibilities for USTB from Superstate, with the transition expected in Q2 2026 and the fund renamed while retaining the USTB ticker and smart contracts.Well corroborated by the primary press release and Fortune. The on-chain token name confirms the rename took effect, consistent with the summary's claim that the transition completed by mid-2026.
   citedwww.prnewswire.com/news-releases/invesco…p-302722437.htmlfortune.com/2026/03/24/invesco-superstate-ustb/
3. #8[confirmed][no action needed]in section: Blockchain Deployment and Smart Contract Security

   “A subsequent audit was completed on January 27, 2025. No critical vulnerabilities or funds-at-risk findings have been publicly disclosed.”

   reviewerA subsequent 0xmacro audit was completed January 27, 2025 with no critical vulnerabilities disclosed.Accurately described; this audit indeed found no critical issues.
   cited0xmacro.com/library/audits/superstate-5
4. #9[confirmed][no action needed]in the timeline

   “Superstate raises $82.5 million in a Series B round led by Bain Capital Crypto and Distributed Global, bringing total fundraising to over $100 million and AUM past $1.2 billion.”

   reviewerSuperstate closed an $82.5 million Series B on January 22, 2026, led by Bain Capital Crypto and Distributed Global, with AUM surpassing $1.2 billion.Date and figures independently confirmed by two separate outlets published the same day.
   citedwww.coindesk.com/business/2026/01/22/tok…l-street-onchain
5. #10[confirmed][no action needed]in section: Operator Background: Superstate and Invesco

   “Kathleen Wrynn serves as Invesco's Global Head of Digital Assets and Laurie Brignac as Chief Investment Officer of the Global Liquidity team.”

   reviewerKathleen Wrynn serves as Invesco's Global Head of Digital Assets and Laurie Brignac as Chief Investment Officer of the Global Liquidity team.Matches the primary press release.
   citedwww.prnewswire.com/news-releases/invesco…p-302722437.html
6. #11[confirmed][no action needed]in section: Fund Structure and Regulatory Status

   “participation requires a minimum initial investment of $100,000 (subject to waiver) and allowlisting of the investor's wallet address”

   reviewerMinimum initial investment of $100,000 (subject to waiver), NAV starting at $10.00, subscriptions via USD wire or USDC.Directly confirmed by Superstate's own fund documentation.
   citeddocs.superstate.com/investors/tokenized-…nds/invesco-ustb
7. #13[confirmed][no action needed]in section: Fraud and Scam Assessment

   “No fraud allegations, scam reports, rug pull incidents, or unauthorized fund movements have been identified in any public source for USTB or its operators, Superstate or Invesco, as of July 2026.”

   reviewerNo fraud allegations, scam reports, rug pull incidents, SEC enforcement actions, or CFTC investigations against USTB or its operators have been identified in public records.A negative claim (absence of enforcement history) cannot be proven with certainty, but a diligent search turned up no contradicting evidence, consistent with the page's statement.
8. #14[confirmed][no action needed]in section: Assets Under Management and Market Position

   “CoinGecko ranked USTB approximately 81st by market cap across all crypto assets as of July 2026.”

   reviewerCoinGecko ranked USTB approximately 81st by market cap across all crypto assets as of July 2026.A matching independent snapshot (rank #81, market cap in the mid-$700Ms) was found, lending credibility to the figure, though exact date alignment could not be confirmed with certainty.
   citedwww.coingecko.com/en/coins/invesco-short…-securities-fund
9. #15[confirmed][no action needed]in section: Blockchain Deployment and Smart Contract Security

   “Ethereum (primary, ERC-20 at contract address 0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e)”

   reviewerUSTB's Ethereum contract address is 0x43415eB6ff9DB7E26A15b704e7A3eDCe97d31C4e and the token is named 'Invesco Short Duration US Government Securities Fund (USTB)'.Directly confirmed on-chain.
   citedetherscan.io/token/0x43415eb6ff9db7e26a1…e7a3edce97d31c4e