Blockchain infrastructure firm Upshift has rolled out Upshift Clear, a new vault platform designed to enable instant redemptions of tokenized real-world assets (RWAs), in partnership with asset tokenization firm Superstate.
The system uses dedicated USDC vaults to provide onchain “bridging capital,” allowing holders of supported RWAs to receive immediate liquidity while the underlying redemption is processed later through traditional financial rails. Upshift says this effectively turns redemptions into “T+0” events, regardless of market hours or banking holidays.
How Upshift Clear works
Each Clear vault extends instant liquidity at the moment a token holder requests redemption. In the background, the traditional settlement process for the underlying asset continues on normal timelines, but the holder does not have to wait for those funds to arrive.
Capital for these vaults is supplied by liquidity providers, who receive onchain “receipt tokens” called clrRWA. These tokens entitle holders to a share of the fees generated when instant redemptions are processed and the corresponding offchain redemptions complete.
The architecture is meant to be product-agnostic. Any tokenized instrument that follows a standard redemption mechanism can, in principle, be paired with a Clear vault and its own tailored liquidity pool.
Co-founder Alex Kantorovich described Upshift Clear as a bridge between traditional settlement workflows and the faster, always-on operational standards of blockchain networks.
First integration: Superstate’s USCC fund
At launch, Upshift Clear supports Superstate’s Crypto Carry Fund, known by its ticker USCC and currently valued at around $267 million. The fund, recently placed under the management of Bitwise, generates yield from a crypto basis trade — typically the spread between spot and futures markets.
Making USCC instantly redeemable, rather than subject to typical T+2 settlement timelines, alters its risk and liquidity profile for market participants. Strategies that rely on rapid capital rotation can now consider a carry fund that historically would have been less flexible due to settlement delays.
Addressing a key friction in tokenized RWAs
The initiative targets a major operational hurdle in the RWA segment: the timing gap between onchain transfers and offchain settlement. Tokenized securities have often lagged other digital assets because holders faced delays over weekends or holidays and could not fully operate in a seven-day market.
By injecting dedicated, on-demand USDC liquidity, Upshift Clear allows assets backed by traditional finance instruments to behave more like purely digital tokens from a settlement perspective. That shift is intended to support more active position management, particularly for structures that were previously constrained by T+1 or T+2 timelines.
A recent study cited by the firms highlights why this matters: most RWA tokens still suffer from low trading volumes and limited participation. Upshift’s model attempts to make the settlement rails themselves a yield opportunity, creating a direct incentive to fund the liquidity that enables instant redemptions.
New fee stream through clrRWA tokens
The clrRWA receipt tokens represent claims on the fee revenue generated as offchain redemptions are completed. Instead of earning from the yield of the underlying asset, liquidity providers earn directly from the settlement process.
This structure establishes a market-driven incentive to allocate capital specifically to support instant-redemption functionality across multiple tokenized products. The more demand there is for immediate exits from an RWA, the greater the fee pool for clrRWA holders.
Expansion potential across tokenized markets
Upshift Clear launches into a fast-growing RWA landscape. The value of tokenized real-world assets on public blockchains has expanded more than 266% during 2025, pushing the market to over $24 billion. By mid-April 2026, that figure stood at roughly $23.6 billion, about 66% higher than at the start of the year.
Within that, tokenized U.S. government debt has emerged as a leading segment. That market recently crossed $15 billion in value and added more than $2.12 billion in the first two months of 2026 alone, outpacing the growth of stablecoins in absolute terms for the first time. The trend points to a deepening appetite for traditional yield instruments in a digitally native wrapper.
Upshift’s model is pitched as infrastructure that can sit beneath this expanding universe of products, smoothing the settlement experience without altering their underlying risk or return drivers. By offering T+0-style exits for assets that normally move on legacy timelines, the platform aims to narrow one of the last remaining gaps between traditional securities and blockchain-native assets.
As Kantorovich put it, the architecture is designed to function as a connective layer between established settlement schedules and the real-time operational speed that onchain markets increasingly expect.
Curious about tokenized assets and real-world value on-chain? Explore how tokenized equities work in modern markets.
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