coreUSDC, issued by Fractal Network, Ltd., is a tokenized DeFi yield vault share representing a pro-rata interest in USD Coin (USDC) deposited into curated onchain yield strategies managed within institutional risk infrastructure [S1][S2].

Each coreUSDC token is an ERC-4626 receipt token representing deposited USD Coin (USDC) plus accrued yield, sourced from underlying protocol APY across lending, liquidity provision and staking, protocol incentives, and institutional lending premiums [S2][S3][S4]. Yield accrues through rising receipt-token NAV rather than rebasing, so the per-share asset ratio increases as strategies earn [S5]. Holders bear a configurable per-vault management fee accrued against TVL, a performance fee above a high-watermark, and withdrawal or instant-redemption fees [S6].

Fractal Network, Ltd. operates the Upshift platform under British Virgin Islands governing law and disclaims regulated-entity status, stating it is "NOT AN EXCHANGE, TRUST COMPANY, LICENSED BROKER, DEALER, BROKER-DEALER, INVESTMENT ADVISOR, INVESTMENT MANAGER, OR ADVISER" and that vaults are not protected by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation [S7]. The tokenholder's claim is a smart-contract vault share, not a security [S7][S5]. Persons resident in the United States and OFAC-listed persons are prohibited, with KYC configurable per vault [S7][S2]. Capital sits in segregated subaccounts via August prime brokerage, with curators restricted to whitelisted protocols [S1][S8]. Redemption uses a configurable cooldown epoch [S9].

Receipt tokens follow the ERC-4626 tokenized-vault standard, with Upshift supporting 30+ chains including Arbitrum, Avalanche, Base, BNB Chain, Ethereum and Solana [S1][S10]. Deposits mint tokens immediately; redemption proceeds through requestRedeem, batch processClaims and claim, burning shares before USDC settlement, with an optional instant path from the liquidity buffer [S9][S6]. NAV is computed by August from whitelisted integrations [S9].

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  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://docs.upshift.finance/" },
    { id: "S2", url: "https://docs.upshift.finance/faq" },
    { id: "S3", url: "https://docs.upshift.finance/product-types/upshift-lend.md" },
    { id: "S4", url: "https://www.upshift.finance/" },
    { id: "S5", url: "https://docs.upshift.finance/vault-architecture/vault-accounting-mechanics.md" },
    { id: "S6", url: "https://docs.upshift.finance/upshift-vault-curation/accounting-fees-and-fund-flows.md" },
    { id: "S7", url: "https://docs.upshift.finance/resources/terms-of-use" },
    { id: "S8", url: "https://docs.upshift.finance/vault-architecture/upshift-vault-offering" },
    { id: "S9", url: "https://docs.upshift.finance/vault-architecture/vault-accounting-mechanics.md?ask=withdrawal-cooldown-redemption-subaccounts-custody" },
    { id: "S10", url: "https://docs.upshift.finance/vault-architecture/upshift-vault-offering.md" },
  ]}
/>


Tokenized funds

Users deposit stablecoins or crypto assets into ERC-4626 vaults, where curators deploy capital to vetted DeFi protocols for lending, basis trades, and other yield strategies.

Upshift Finance is a cross-chain yield platform that provides users with access to institutional-grade investment strategies across Ethereum, Base, Avalanche, Hyperliquid, Monad, and other networks. The platform is built on prime brokerage infrastructure from August Digital, enabling retail investors to deposit assets and earn yields through optimized DeFi strategies backed by transparent risk controls. Upshift is backed by Dragonfly Capital, Hack VC, 6th Man Ventures, and Robot Ventures.

DeFi users, institutional investors, and crypto neobanks seeking curated yield strategies across multiple chains and protocols without managing positions manually.

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Asset management

Upshift Finance

Upshift Core USDC (coreUSDC) is a tokenized fund share issued by Upshift Finance and managed by August.

The fund is open-ended, invests in multi-asset, keeps its assets in accounts segregated from the issuer's own funds, and charges a 0% annual management fee.

Retail investors and institutions can subscribe and redeem in USDC, and holders have a right to redeem at net asset value with same- or next-business-day settlement.

coreUSDC has been issued on Ethereum as an ERC-4626 token since June 2025.

Upshift Core USDCcoreUSDC

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