Provider at a glance
- Category
- Tokenised Equities
- Official website
- superstate.com
Independent rankingchecked How it works
Details
Scored 81 out of 100 under methodology 2026.10.18, from the evidence read in September 2026.
Superstate Opening Bell
Registered shares issued onchain
Tokenised Equities
#1 Overall
Ranked #1 of 8 tokenised equities in the published ranking
81
ChainChoice Score
The ChainChoice Score, shown against 100: published scores run from 41 to 99.- High evidence confidence
Is Superstate Opening Bell right for you?
Right for you if these matter most
- Share or promise10/10, the category best
- Issuer named9/10, the category best
Look elsewhere if these come first
- Dividends explained5/10 here; Backed xStocks scores 7
- US-person answer6/10 here; Backed xStocks scores 9
Not yet tested for your country. Markets it lists: Global.
to test where you can use it.
The rank above is the published one, the same for every reader. Find my best tokenised equity shows where it lands for you.
What will Superstate Opening Bell cost you?
Not priced on this basis
- Your balance
- $10k
How safe is Superstate Opening Bell?
- Evidence: verified4 of 4 criteria rest on quoted, sourced receipts. Read September 2026.
- LicenceMiCA (EU): no register record on file here.
Alternatives to Superstate Opening Bell
Compare all 4- 2Backed xStocks21 points below · stronger on US-person answer (9 against 6)60
- 3Ondo Stocks23 points below · stronger on US-person answer (9 against 6)58
- 4Securitize (tokenized SECZ)23 points below · stronger on US-person answer (8 against 6)58
For your setup
Find out if Superstate Opening Bell fits you
The rank above is the published one — the same for every visitor. Answer the category's questions and this section shows where Superstate Opening Bell 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 equityNothing is inferred from clicks, popularity or commercial value.
Why it leads
Why Superstate Opening Bell ranks #1
Each strength is read from evidence on a 0–10 ladder and weighted as the published methodology states. The 32 objective points these produce (25.4 here) sit inside the score; availability, friction, trust record and measured data add the rest. Best in this ranking on 2 of 4.
4 published criteria · Σ weight 100
CriterionWeightStrength · 0–10ScoreContrib.MedianBestRankEvidence
3510+11.203.510#1/8Loading evidence…
259+7.207.59#1/8Loading evidence…
225+3.525.58#5/8Loading evidence…
186+3.468.59#7/8Loading evidence…
Hairline = best in this ranking · tick = its median · a missing bar is "not scored", never zero
Margin+21over Backed xStocks, #2
RobustnessHoldsacross a one-point change to each of its 4 criterion scores, the re-run scores 81 and stays #1
Evidence4 of 4 scored4 quoted, 4 with a source link
What would move the rank
Each line is the ranking run again with one of Superstate Opening Bell’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.
Do I own the share, or do I own a promise from whoever sold it to me? 10 → 0 on its ladder · Backed xStocks passes it−1076#1 → #2
Strengths
2 from the score dataWhere it leads
Best for readers who weight
- Do I own the share, or do I own a promise from whoever sold it to me? — 10/10, the category best
- Whose name is on the paper I am buying — and can I look that entity up in a register? — 9/10, the category best
Tradeoffs
2 from the score dataWhere it trails
Not for readers who put first
- When a dividend or a split happens, does anyone tell you in writing what you will get? — 5/10 against a category best of 8/10
- Can a US person hold this — and does the vendor give me the same answer twice? — 6/10 against a category best of 9/10
Record watch-outs
- You cannot buy the stocks you actually want. Opening Bell is issuer opt-in, and on 2026-08-19 the entire book is five crypto-treasury and crypto-operating companies — GLXY, SBET, FWDI, EXOD, HSDT — none of which pays a dividend. So the one thing this product is structurally best at, passing a real corporate action through to a real record holder, has never been exercised: the dividend clause with its ex-date, record date and per-share amount sits in an SEC exhibit waiting for a dividend that none of the five issuers pays. Meanwhile the closest thing to a secondary market is one Jupiter pool and one Kamino market on Solana, and the vendor's own terms warn 'There is limited to no public secondary market for these shares.'
Competitive position
Where Superstate Opening Bell 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#1 / 814.0 of 20 · pool best
Published criteria#1 / 819.0 of 30 · pool best
Friction#1 / 82.7 of 10 · constant here
Trust record#1 / 83.2 of 8 · constant here
Measured data#1 / 88.3 of 18 · constant here
Where Superstate Opening Bell leads
- Do I own the share, or do I own a promise from whoever sold it to me?#1 / 8
- Whose name is on the paper I am buying — and can I look that entity up in a register?#1 / 8
Where it trails
- Can a US person hold this — and does the vendor give me the same answer twice?#7 / 8
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.
Backed xStocks#2 of 8 · score 60 · 21.0 points behind
Superstate Opening Bell leads on
- Do I own the share, or do I own a promise from whoever sold it to me?10 vs 2
- Whose name is on the paper I am buying — and can I look that entity up in a register?9 vs 6
Backed xStocks leads on
- When a dividend or a split happens, does anyone tell you in writing what you will get?7 vs 5
- Can a US person hold this — and does the vendor give me the same answer twice?9 vs 6
Largest single reason Superstate Opening Bell is ahead: published criteria (+15.9 display points).Scenario cost: Backed xStocks has no verified pricing for this scenario.
Ondo Stocks#3 of 8 · score 58 · 23.0 points behind
Superstate Opening Bell leads on
- Do I own the share, or do I own a promise from whoever sold it to me?10 vs 2
- Whose name is on the paper I am buying — and can I look that entity up in a register?9 vs 6
Ondo Stocks leads on
- When a dividend or a split happens, does anyone tell you in writing what you will get?6 vs 5
- Can a US person hold this — and does the vendor give me the same answer twice?9 vs 6
Largest single reason Superstate Opening Bell is ahead: published criteria (+17.4 display points).Scenario cost: Ondo Stocks has no verified pricing for this scenario.
Securitize (tokenized SECZ)#4 of 8 · score 58 · 23.0 points behind
Superstate Opening Bell leads on
- When a dividend or a split happens, does anyone tell you in writing what you will get?5 vs 2
Securitize (tokenized SECZ) leads on
- Can a US person hold this — and does the vendor give me the same answer twice?8 vs 6
Largest single reason Superstate Opening Bell is ahead: availability (+20.8 display points).Scenario cost: Securitize (tokenized SECZ) has no verified pricing for this scenario.
Against #2
81 vs 60 · gap 21.0Why Superstate Opening Bell ranks above Backed xStocks
DimensionThisBacked xStocksGap share
Availability · 23% weight14.012.0+5.2, better
Published criteria · 35% weight19.012.9+15.9, better
Friction · 12% weight · constant here2.72.7same
Trust record · 9% weight · constant here3.23.2same
Measured data · 21% weight · constant here8.38.3same
Published criterionThisBacked xStocksPoints
Do I own the share, or do I own a promise from whoever sold it to me? · w35102+8.96, better
Whose name is on the paper I am buying — and can I look that entity up in a register? · w2596+2.40, better
When a dividend or a split happens, does anyone tell you in writing what you will get? · w2257−1.41, worse
Can a US person hold this — and does the vendor give me the same answer twice? · w1869−1.73, worse
Net8160+21.0
Your scenario
Superstate Opening Bell is not priced for this 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
Rate read from the provider’s published pricing ↗ on 29 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.
Not priced on this basis
Under the default inputs · USDCategory medianNot priced0 of 8 rows priced
Cheapest pricedNone pricedDifference not stated · availability not applied — set your country to filter
8 of 8 rows in this ranking have no verified rate for this scenario and are absent from the median, not counted as free.
Evidence
Evidence read 29 September 2026
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 evidenceVerified4 of 4 criteria reconstruct from receipts
4 of 4 criteria reconstruct from a quoted, sourced receipt equal to the published strength.Public receiptsReading…4 quoted with a source URL
The receipt file has not been read yet.Evidence confidenceHighcoverage and corroboration, never freshness
4/4 criteria scored, with 4 dated sources quoted.RobustnessHoldsrank #1 across every one-point re-run
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.The newest evidence read on the platform is 3 November 2026; this category's reading is older. The scores stand as read on 29 September 2026.
Reading the evidence ledger…
CriterionSourceTypeReadFreshnessStatusReceipt
Do I own the share, or do I own a promise from whoever sold it to me?strength 10 · weight 35Report an error—29 September 2026*
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.Whose name is on the paper I am buying — and can I look that entity up in a register?strength 9 · weight 25Report an error—29 September 2026*
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.When a dividend or a split happens, does anyone tell you in writing what you will get?strength 5 · weight 22Report an error—29 September 2026*
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.Can a US person hold this — and does the vendor give me the same answer twice?strength 6 · weight 18Report an error—29 September 2026*
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: 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.
Facts
facts, not scoresWhat the record publishes
- Pricing
- INVESTOR SIDE, from the binding Terms of Service (masthead still 'Effective Date: September 2025 / Last Revised: September 2025 / SEC Registration File No.: 84-06972'), §4 Fee Schedule, read on https://
superstate .com /terms on 29 September 2026 — §4.1 Superstate Services Fees: "Superstate Services does not charge you any fees for its provided services. If there are other fees being charged as part of your activity as detailed below or otherwise, you will be responsible for paying those fees." §4.2 Tokenization Fees: "To the extent you move your securities onchain, you will be responsible for paying network fees in the form of the native token in which the security is recorded. For instance if your equities are recorded on Solana Network and you choose to move your security to your digital wallet you will be responsible for paying the associated SOL to validate that transaction." §4.3 Recordkeeping Transfer Agent & Brokerage Fees: "You will be responsible for any fees charged by the Recordkeeping Transfer Agent and/or fees charged by the receiving broker-dealer. While Superstate Services will not charge for processing these requests, there might be fees charged by others involved in the processing." No percentage, spread or per-trade fee is published for the investor. ISSUER SIDE: the product page https:// superstate .com /opening-bell (read 29 September 2026) still publishes only "Issuer pays a fixed, predictable administrative fee" with no rate; the rate is in the executed contract filed as Exhibit 10.7 to Exodus Movement's 10-K on 11 March 2026 (https:// www .sec .gov /Archives /edgar /data /1821534 /000182153426000009 /digitaltransferagencyagree .htm, read 29 September 2026): "The Issuer shall pay Superstate $1 per year for performance of the Services detailed within this Agreement and attached Schedules." That figure is on the SEC exhibit, not on the terms page.Superstate Opening Bell — official pricing page ↗ · 29 September 2026 - Prices published in
- USDSuperstate Opening Bell — official pricing page ↗ · 29 September 2026
- Licences held
- Not published
- Compliance level
- partial
- Regulatory note
- NAMED ON THE VENDOR'S OWN PAGE, WITH ITS OWN REGISTER NUMBER — https://
superstate .com /terms, read 19 August 2026, masthead: 'Superstate Services LLC / Transfer Agent and Terms of Service Agreement / Effective Date: September 2025 / Last Revised: September 2025 / SEC Registration File No.: 84-06972'; §1.1: 'This Transfer Agent and Registrar Services Agreement ("Agreement," "Terms of Service," "Terms") - Supported chains
- ethereum, solana
- Markets served
- global
- Primary markets
- Not published
- Restricted markets
- Not published
- Operating limits
- Not published
- Availability note
- SANCTIONS REPRESENTATION, NOT A MARKET RESTRICTION. The only geographic language attached to the product is on each asset page (https://
superstate .com /assets /glxy, /sbet, /fwdi, /exod, /hsdt, read 19 August 2026): 'Eligible investors' / 'Global*', with the asterisk resolved under Disclaimers as '* Available to eligible investors. Not available in jurisdictions subject to U.S. sanctions'. That is the ordinary OFAC-style eligibility rule that applies everywhere; it is NOT a regional footprint. The site-wide footer carries the equally standard 'The information provided on this Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to applicable law or regulation.' The one genuine gap: https:// docs .superstate .com /investors /getting-started .md says equities are 'Available to all investors in supported countries' but the only country list it publishes is headed 'Supported countries for Superstate Funds' (29 countries, United States first) and covers a different product. No equity country list is published anywhere. Tagged 'global' because nothing published restricts the equity product to a region; the undefined 'supported countries' phrase is the caveat, not a restriction I can evidence.
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 Superstate Opening Bell: 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.
10 methodology entries
- 29 September 2026Current verified snapshot · methodology 2026.10.18Score 81, #1 of 8. 4 of 4 criteria scored. History starts here; earlier values are not interpolated.
- 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.
- 10 October 2026
2026.10.6A criterion you require re-scores the rows that meet it · platform-wide- changed The explorer sends each criterion you require, at any band, as fit_required with your other answers; region, licence, chain and fact filters stay filters. On /best, a required criterion joins For you as a marked preference does, which needs your country; Overall stays the published ranking, filtered.
- added Every published criterion has a golden case as the explorer sends it (require:<criterion>), so the order a requirement gives is replayed and gated as the published order is, and a change to it needs an entry here.
Methodology 2026.10.18, the same published run every visitor sees · receipt tokenised_equities:superstate_opening_bell_tokeq:2026.10.18:89fb55ade437
Are you Superstate Opening Bell? 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.