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Real-world asset (RWA) issuers

Superstate

# Superstate Capital deployed Methodology

## 1. Overview

Capital deployed is measured as the total value of user deposits allocated into investments by Superstate. This metric is utilized to track the scale of assets managed across products including Superstate USCC, Superstate Short Duration U.S. Government Securities Fund (USTB), Superstate Forward Industries Inc., Superstate Galaxy Digital Inc., and Superstate SharpLink Gaming, Inc. It is considered a primary indicator of the manager's ability to generate revenue through yield-bearing activities.

## 2. Data sources

- **Blockchain events**: Share distribution data from Ethereum, Solana, and Plume Network
- **External data**: Fund financial reports providing net asset value (NAV) per share and off-chain book-entry records

## 3. Step-by-step calculation

### Component A: Share distribution tracking

- **Purpose**: Aggregate the total number of outstanding shares for each fund
- **Logic**: Outstanding shares are aggregated for each fund across all supported environments. This includes on-chain balances captured from Ethereum, Solana, and Plume Network, as well as off-chain book-entry records.
- **Key fields**: `shares`, `total_outstanding`, `chain_id`

### Component B: Net asset value integration

- **Purpose**: Retrieve the per-share valuation for each fund
- **Logic**: The net asset value (NAV) per share is retrieved from fund-level financial data. This value represents the per-share market value of the underlying investments managed by the protocol.
- **Key fields**: `net_asset_value`, `fund_id`

### Component C: Capital deployed calculation

- **Purpose**: Determine the total USD value of deployed capital
- **Logic**: Capital deployed is calculated by multiplying the total shares held in each environment by the current NAV of the respective fund. Amounts are normalized by decimal precision to ensure consistency across different assets and environments.
- **Key fields**: `capital_deployed`, `product_id`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of capital allocated into investments by an asset manager.

Superstate

Capital deployed

Capital deployed

Competitive landscape

Chain breakdown