Midas, Figure, Superstate and Bitwise launch CARRY, a leveraged RWA yield product targeting 12%+ returns.
DeFi & Yields ·
Midas, Figure, Superstate, and Bitwise have jointly launched CARRY, a leveraged real-world asset yield product targeting returns of 12% or more. The product represents a collaboration among the four firms to deliver structured exposure to tokenized yield opportunities in the RWA space.
CARRY employs leverage to amplify yields derived from real-world assets, combining the institutional expertise of Bitwise—a crypto-specialist asset manager with established tokenized fund infrastructure—alongside Figure's blockchain and settlement capabilities, Superstate's tokenization platform, and Midas's yield optimization. The mechanics appear designed to appeal to institutional investors seeking enhanced returns within a regulated framework, building on existing models like Bitwise's USCC tokenized carry fund.
Details remain limited regarding the product's specific underlying assets, leverage ratio, fee structure, and regulatory status. It is not yet clear whether CARRY will be deployed on-chain as a tokenized fund, offered through traditional fund vehicles, or both. The precise distribution channels and launch timeline have not been specified in available coverage.