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Organisation

Superstate

3 placements on ChainChoice under Superstate, each scored against its own category's pool and criteria — #1 in one of them. The placements are not averaged and not ranked against each other: a #1 exchange and a #6 crypto card are two different products in two different markets.

Tokenised Equities
Superstate Opening Bell
Rank#1 OverallScore81

Leads the published order

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Money-Market Funds
Invesco Short Duration US Government Securities Fund (USTB)
Rank#8 OverallScore45

#1 in this category: Spiko US T-Bills Money Market Fund (USTBL)

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Tokenised T-Bills
Invesco USTB (Superstate)
Rank#8 OverallScore53

#1 in this category: Franklin Templeton BENJI (FOBXX)

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Tokenised Equities
How you can lose money here, and what the ranking scores
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by Do I own the share, or do I own a promise from whoever sold it to me? · 35% (Superstate Opening Bell 10/10)
    Scored by Whose name is on the paper I am buying — and can I look that entity up in a register? · 25% (Superstate Opening Bell 9/10)
  • Regulatory failure (Superstate Opening Bell 6/10): no licence where you are, or a forced market exit.
    Scored by Can a US person hold this — and does the vendor give me the same answer twice? · 18%
  • Information failure (Superstate Opening Bell 5/10): the number is wrong or bought, or your data leaks.
    Scored by When a dividend or a split happens, does anyone tell you in writing what you will get? · 22%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Money-Market Funds
How you can lose money here, and what the ranking scores
  • Insolvency failure: the firm or issuer that owes you cannot pay.
    Scored by Token as the share of record · 30% (Invesco Short Duration US Government Securities Fund (USTB) 7/10)
    Scored by Portfolio and liquidity rules · 20% (Invesco Short Duration US Government Securities Fund (USTB) 4/10)
  • Regulatory failure (Invesco Short Duration US Government Securities Fund (USTB) 3/10): no licence where you are, or a forced market exit.
    Scored by Regulator and registration number · 28%
Not assessed by this ranking: Contract failure, Control failure, Custody failure, Exit 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: Published fee against fund yield (22%).
Tokenised T-Bills
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%).