State Street USD Liquidity FundSSGUSD
SSGUSD, issued by a per-asset special purpose vehicle and tokenized by Evident Platform Services Limited, is a tokenized money market fund interest that represents a fractional beneficial interest in the State Street USD Liquidity Fund. Each token tracks the net asset value (NAV) of the State Street USD Liquidity Fund, a U.S. dollar (USD) liquidity fund holding short-dated instruments such as U.S. Treasury bills, with returns derived from the fund's money market yield. Distributions are asset-specific: if the underlying fund generates income and eligibility requirements are met, holders receive a corresponding amount, with corporate actions automated through smart contracts. EVIDENT is operated by Evident Group and its subsidiaries, based in Hong Kong, with the platform and tokenizer role held by Evident Platform Services Limited, which holds a Securities and Futures Commission (SFC) License (CE No. BTR490). The token is a digital security representing a fractional interest in the tokenizing SPV or fund, structured for legal enforceability through conventional vehicles. Access is restricted to qualified investors, including high-net-worth and ultra-high-net-worth individuals, family offices, accredited investors, and intermediaries, subject to eKYC and AML onboarding. Custody is segregated through the TCSP-licensed Evident Custody Services Limited. Tokenization runs on the Algorand blockchain, providing immutability, peer-to-peer secondary trading with immediate settlement finality, and smart contracts for automated distributions. Tokens are minted by tokenizing SPV or fund shares following structuring and due diligence, with fund accounting and NAV calculation provided through the Issuer Portal; liquidity and exit occur via a compliant secondary market with no lock-up periods.