Coinshift

iUSPC is a tokenized structured note that provides onchain access to institutional private credit yields. The product aggregates exposure to a multi-sleeve portfolio of institutional credit strategies including corporate lending, asset-backed securities, and money market funds, managed by regulated entities and held in qualified custody.

iUSPC is a token that gives on-chain access to yields from institutional private credit. It represents a share in a portfolio of loans and credit investments managed by regulated entities and held in secure custody.

The yield comes from a structured credit note (iUSPC) backed by a portfolio split into several parts. These parts include institutional private credit strategies and a crypto strategy designed for steady returns. The portfolio is organized into three liquidity tiers, which determine how quickly investments can be accessed.

Tier 1 (fast access – instant to daily):

• BlackRock ICS USD Liquidity Fund: a top-rated (AAA) money market fund.
• Fidelity ILF: a top-rated (AAA) fund holding government securities.
• Superstate USCC: a crypto strategy that aims to earn returns regardless of price swings (delta-neutral crypto carry).

Tier 2 (monthly access):

• Hamilton Lane SCOPE: senior secured corporate loans (loans to companies that are backed by assets and have repayment priority).

Tier 3 (quarterly access):

• Apollo ACRED: a diversified mix of global credit, including direct lending to companies and securities backed by assets (asset-backed securities).

A Swiss asset manager licensed by FINMA (AM Swiss) decides how to allocate money across these different parts.

To ensure safety and accuracy:

• The portfolio's value is checked daily by independent data providers (Chainlink oracles).
• The assets are held in custody by a UK-regulated custodian (Archax).

The note is built as a standard tokenized vault (an ERC-4626 vault, often called a USPC wrapper). This design allows it to work seamlessly with other decentralized finance (DeFi) applications.

Coinshift is backed by Tiger Global, Sequoia (Sequoia Capital), Consensys, Polygon (Polygon Ventures), and Longhash Ventures, as stated on the official website and in blog posts. No specific funding round details, amounts, or dates are disclosed on the official sources.