Provider at a glance
- Category
- Tokenised T-Bills
- Official website
- superstate.com
Independent rankingchecked How it works
Details
Scored 53 out of 100 under methodology 2026.10.18, from the evidence read on file.
Invesco USTB (Superstate)
Tokenised US government securities fund
Tokenised T-Bills
#8 Overall
Ranked #8 of 9 tokenised T-bills in the published ranking
53
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- Low evidence confidence
- $15 your cost/yr
Is Invesco USTB (Superstate) right for you?
Right for you if these matter most
- Total fees9/10, the category best
Look elsewhere if these come first
- Open to you2/10 here; Midas mTBILL scores 8
- Legal claim7/10 here; the category best is 10
- Redemption reality6/10 here; the category best is 8
Not yet tested for your country. Markets it lists: United States.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best tokenised T-bill shows where it lands for you.
What will Invesco USTB (Superstate) cost you?
$15 your cost/yr
- Your balance
- $10k
- Annual management fee
- 0.15%
$10 below the median of 6 priced tokenised T-bills.
How this is calculatedHow safe is Invesco USTB (Superstate)?
- Evidence: unknown4 of 4 criteria scored; no receipt file yet. The score is provisional until a quoted source is on file.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Invesco USTB (Superstate)
Compare all 4- 6OpenEden TBILL6 points above · stronger on open to you (3 against 2)59$35
- 7VanEck VBILLLevel on score · weaker on total fees (1 against 9)53
- 9Midas mTBILL6 points below · stronger on open to you (8 against 2)47
For your setup
Find out if Invesco USTB (Superstate) fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Invesco USTB (Superstate) lands for you, which criteria your answers weight up, and which stated needs the record does or does not meet. The published rank stays beside it.
- A few questions
- No account required
- Ranking-blind: no commercial input
- Personalised in under 60 seconds
Find my best tokenised T-billNothing is inferred from clicks, popularity or commercial value.
Why this rank
Why Invesco USTB (Superstate) ranks #8
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (18.0 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 1 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
302+1.923.08#7/9Loading evidence…
287+6.276.010#3/9Loading evidence…
246+4.616.08#2/9Loading evidence…
189+5.185.09#1/9Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
MarginLevelbehind VanEck VBILL, #7
RobustnessOne point from changingacross a one-point change to each of its 4 criterion scores, the re-run scores 51–55 and ranks #7–#8
Evidence4 of 4 scoredno receipt file for this category
What would move the rank
Each line is the ranking run again with one of Invesco USTB (Superstate)’s criterion scores changed and every other value held: the smallest whole-point change on that criterion that moves its rank, and where the re-run puts it. Up to 4 climbs and 3 falls are listed, smallest change first. Nothing here is a forecast.
Who can actually buy it 2 → 3 on its ladder · passes VanEck VBILL+155#8 → #7
Legal claim quality 7 → 8 on its ladder · passes VanEck VBILL+155#8 → #7
Redemption reality 6 → 7 on its ladder · passes VanEck VBILL+155#8 → #7
Total fee load 9 → 10 on its ladder · passes VanEck VBILL+154#8 → #7
Legal claim quality 7 → 3 on its ladder · Midas mTBILL passes it−446#8 → #9
Redemption reality 6 → 2 on its ladder · Midas mTBILL passes it−447#8 → #9
Total fee load 9 → 3 on its ladder · Midas mTBILL passes it−646#8 → #9
Smallest climb: who can actually buy it 2 → 3 passes VanEck VBILL, #7.
Strengths
1 from the score dataWhere it leads
Best for readers who weight
- Total fee load — 9/10, the category best
Tradeoffs
3 from the score dataWhere it trails
Not for readers who put first
- Who can actually buy it — 2/10 against a category best of 8/10
- Legal claim quality — 7/10 against a category best of 10/10
- Redemption reality — 6/10 against a category best of 8/10
Record watch-outs
- Only accredited investors who are ALSO qualified purchasers ($5M+ test); whether non-US qualified purchasers can buy is not settled by public sources
- $100,000 minimum (waivable at issuer discretion)
- Split responsibility: Invesco runs the portfolio, Superstate runs the token and allowlist
- Instant redemption is qualified by “subject to available liquidity”
Competitive position
Where Invesco USTB (Superstate) leads and where it trails
Rank on every objective dimension among the rows scored on it. A criterion in the top third of its pool is listed as a lead, the bottom third as a trail; the middle is neither. Popularity, size and commercial terms are not dimensions.
Availability#6 / 96.0 of 20 · best 14.0
Published criteria#3 / 913.5 of 30 · best 19.4
Friction#4 / 92.7 of 10 · best 7.3
Trust record#4 / 95.6 of 8 · best 6.4
Measured data#1 / 99.7 of 18 · constant here
Where Invesco USTB (Superstate) leads
- Legal claim quality#3 / 9
- Redemption reality#2 / 9
- Total fee load#1 / 9
Where it trails
- Who can actually buy it#7 / 9
Closest alternatives
The 3 nearest rows by score
Nearest by published score in either direction. Each card states the criteria on which the two rows differ and the cost difference under the same scenario inputs; the compare arithmetic below shows why the higher one ranks higher.
VanEck VBILL#7 of 9 · score 53 · same score
Invesco USTB (Superstate) leads on
- Legal claim quality7 vs 5
- Redemption reality6 vs 2
- Total fee load9 vs 1
VanEck VBILL leads onNo scored criterion
Largest single reason VanEck VBILL is ahead: availability (+20.8 display points).Scenario cost: VanEck VBILL has no verified pricing for this scenario.
Midas mTBILL#9 of 9 · score 47 · 6.0 points behind
Invesco USTB (Superstate) leads on
- Legal claim quality7 vs 1
- Redemption reality6 vs 3
- Total fee load9 vs 2
Midas mTBILL leads on
- Who can actually buy it8 vs 2
Largest single reason Invesco USTB (Superstate) is ahead: published criteria (+11.7 display points).Scenario cost: Midas mTBILL has no verified pricing for this scenario.
OpenEden TBILL#6 of 9 · score 59 · 6.0 points ahead
Invesco USTB (Superstate) leads on
- Legal claim quality7 vs 4
- Redemption reality6 vs 3
- Total fee load9 vs 3
OpenEden TBILL leads on
- Who can actually buy it3 vs 2
Largest single reason OpenEden TBILL is ahead: availability (+20.8 display points).Scenario cost: OpenEden TBILL is +$20 against Invesco USTB (Superstate).
Against the leader
81 vs 53 · gap 28.0Why Franklin Templeton BENJI (FOBXX) ranks above Invesco USTB (Superstate)
The compare workspace's arithmetic applied to these two rows. Each dimension's share of the gap is its weight × the difference, on the displayed scale; a row-above bound on one of the rows keeps the reproduced gap (27.8) from matching the displayed one exactly, which is stated rather than hidden.
DimensionThisFranklin Templeton BENJI (FOBXX)Gap share
Availability · 23% weight6.06.0same
Published criteria · 35% weight13.519.4−15.3, worse
Friction · 12% weight2.76.7−10.4, worse
Trust record · 9% weight5.66.4−2.1, worse
Measured data · 21% weight · constant here9.79.7same
Published criterionThisFranklin Templeton BENJI (FOBXX)Points
Who can actually buy it · w3028−5.76, worse
Legal claim quality · w28710−2.69, worse
Total fee load · w1898+0.58, better
Net5381−28.0≈
Your scenario
What Invesco USTB (Superstate) costs on your scenario
The annual management fee on your balance. Excludes performance fees, spreads and any redemption charge. Change an input and every figure recomputes from the published rate; the published rank does not move.
your cost/yr · default scenario — set your own
Your balance · your input$10k
Annual management fee · published rate0.15%
Rate read from the provider’s published pricing ↗ on 14 September 2026.
your cost/yrCost is stated as your cost/yr in USD; it is never a yield, never annualised, and it does not enter the score.
$15
Under the default inputs · USDCategory median$256 of 9 rows priced · Invesco USTB (Superstate) −$10 vs median
Cheapest priced$15 · Invesco USTB (Superstate)Invesco USTB (Superstate) is the cheapest priced row for this scenario · availability not applied — set your country to filter
3 of 9 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
No evidence reading date recorded
One row per published criterion: the page each strength was read from, its source type by domain, the reading date and whether the file and the published table agree. Open a row for the quote and the receipt.
4 of 4 cells scored
Score evidenceUnknownno observation on file
No structured observation on file for this category; the strengths are the catalog’s published values.Public receiptsReading…category publishes no receipt file
The receipt file has not been read yet.Evidence confidenceNot yet ratedcoverage and corroboration, never freshness
No structured observation on file for this category; the receipt count is not counted.RobustnessOne point from changingrank #7 to #8 across one-point re-runs
Whether the position holds when one criterion score is changed by one point and the ranking is run again. It is always a re-run of the ranking, never an estimate.No structured observation is on file for this provider in this category; the strengths are the catalog’s published values.
9 listed rows in this category still await an evidence read and sit outside the scored pool.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Who can actually buy itstrength 2 · weight 30Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Legal claim qualitystrength 7 · weight 28Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Redemption realitystrength 6 · weight 24Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.Total fee loadstrength 9 · weight 18Report an error——
Unknown
No reading date is recorded for this cell or its category.No receipt
A strength is published but no quote or source page is on file for it.How you can lose money here, and what the ranking scores
- Insolvency failure (Invesco USTB (Superstate) 7/10): the firm or issuer that owes you cannot pay.Scored by Legal claim quality · 28%
- Regulatory failure (Invesco USTB (Superstate) 2/10): no licence where you are, or a forced market exit.Scored by Who can actually buy it · 30%
- Exit failure (Invesco USTB (Superstate) 6/10): you cannot get out at par, on time, or with what is yours.Scored by Redemption reality · 24%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Information failure. A high place says nothing about these; the Methodology tab says what each means. Also scored, as cost, quality or a summary of several families: Total fee load (18%).
Facts
facts, not scoresWhat the record publishes
- Pricing
- 0.15% annual management fee for all investors, with a monthly rebate of 0.10% on average daily holdings above $25M — so a very large holder blends closer to 0.10%. No subscription or redemption fees. $100,000 minimum unless waived at the issuer’s discretion. This is a Reg D 506(c) PRIVATE fund, not a registered 1940 Act fund.Superstate USTB product page ↗ · 14 September 2026
- Prices published in
- USDSuperstate USTB product page ↗ · 14 September 2026
- Licences held
- Not published
- Compliance level
- full
- Regulatory note
- Not published
- Supported chains
- Ethereum
- Markets served
- us
- Primary markets
- Institutional and qualified investors
- Restricted markets
- Not published
- Operating limits
- Allowlisted wallets only; $100,000 minimum unless waived.
- Availability note
- Accredited investors who are ALSO qualified purchasers only ($5M in investments for individuals, $25M for institutions). Superstate and Invesco address USTB's fund information to US residents. However, Superstate's own onboarding docs list 29 supported countries for Superstate Funds, so whether a non-US qualified purchaser can buy USTB is not settled by public sources. Confirm with Superstate before onboarding.
Legal entity on file: Superstate, placed in 3 products. Only confirmed entities are shown; nothing is inferred from the brand name.
If something goes wrong with Invesco USTB (Superstate): where to complain, and where to report a scam
Loading the routes for your country.
How this page is reviewed
Reviewed means this product in this category was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.
Accountable for this review: Mathias Siemonsmeier, Founder.
How we review · Review calendar · Corrections log · How we make money
History
What the record carries
Changes to published ranks are recorded in a ledger; every step and its cause is listed on the rank-history page. The entries below begin with the current verified snapshot, then the methodology versions whose changes applied to this category, newest first.
12 methodology entries
- currentCurrent verified snapshot · methodology 2026.10.18Score 53, #8 of 9. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 15 October 2026
2026.10.10The live-data rule names the researched market measurements a criterion reads- changed The live-data rule names a second kind of figure a score reads: a researched, dated market measurement a criterion's ladder is built on, read again on the 45-day review. /methodology/live-data lists the 14 criteria that read one; no score, rank or order changes.
- changed A saved decision is checked again on the answers the reader saved. The drift check had merged a priority suggested by the market (price swings, gas) into those answers, so a market reading could move a saved decision's #1; the published ranking never read it.
- added On every build a test reads every criterion's published ladder: one that names a market quantity or a market-data source must be declared, and every scored row of a declared criterion must carry the source and the date its figure was read.
- 10 October 2026
2026.10.8When nothing serves your country, the list shown for reference is the published ranking · platform-wide- fixed The reference list shown when nothing serves your country is the published order with the published scores, and a build check now fails any such list out of that order or with a score the ranking does not publish.
- fixed The explorer prints an overall rank only for a row the published ranking holds; a country entrant such as Coinbase Commerce for US merchants shows no overall rank.
- changed Published orders do not move. Country results change only where nothing serves the country: in India bill pay keeps Bitcoin Well first and now shows Strike second, as published; 35 such runs across all categories and countries now match the published list exactly.
- 10 October 2026
2026.10.7Forty-one more products are offered only where their own quoted terms serve- fixed 141 country exclusions on 31 rows, each the name of a country the row's own quoted terms exclude: for example Mercuryo Hungary, China, Pakistan, Bangladesh, Chile, Colombia and Morocco; Gemini Custody the United Kingdom, Australia and the EU after its wind-down; Backed xStocks the US, Canada, the UK, Australia, Nigeria, the Philippines and Venezuela.
- changed Thirteen rows list the only countries their terms serve: Coins.ph the Philippines, Spritz bill pay, Brex, Unchained, WisdomTree, Franklin BENJI and AnchorWatch the United States (with its territories for AnchorWatch), PRYPCO Mint the UAE, N26 crypto seven EU countries, Gemini Tokenized Stocks the EU, XNET the US, Canada and the UK, Coldbit Steel and MetaMask Card the countries they list.
- changed Published (no-country) orders do not move. Country results change: in India six categories each lose one row (bill pay, cards, off-ramps, P2P, seed backup, tokenised real estate), and bill pay there has no row confirmed available, so it shows the published order marked as such; country pages list 23 fewer rows (24,357 to 24,334). The grounding test now matches full country names in any case, which shows seven earlier exclusions were quoted all along: the named debt of unquoted exclusions falls from 40 to 33 pairs.
Methodology 2026.10.18, the same published run every visitor sees · receipt tokenised_tbills:invesco_superstate_ustb:2026.10.18:4ec2d9728d0f
Are you Invesco USTB (Superstate)? Reply to this verdict, or send evidence, ask for a correction or claim the listing. Every message gets a public ticket number; none of it changes a rank unless a public page or a signed statement supports it.