Convert Bit Hotel BTH to Superstate Short Duration U.S. Government Securities Fund (USTB) USTB

Bit Hotel is a Social-first Play 2 Earn NFT Gaming Metaverse, in which users will be able to use Bit Hotel tokens to participate in governance or acquire native NFTs. The NFTs have in-game usability such as characters, hotel rooms, and accessories and have each their own perks. These NFTs can also be traded on the open market that will be released around year's end. Users will be able to meet and chat with other players, compete on our various ever-changing mini-games, and collect rare NFTs. Every game has winners and losers, thus there will be a global leaderboard that keeps track. Frequent events will be hosted in which players can meet and mingle. Players will be able to have (platonic) relationships, this would allow them to "combine", by burning two NFTs to generate one of higher rarity. A metaverse would not be complete without governance, We will have a decentralized voting model that determines future content, this will be based on staking allocations and in-game achievement.

USTB’s innovative structure and partnership with established service providers breaks new ground in the private funds space. The fund invests in short duration U.S. Treasury and U.S. Agency securities, targeting the federal funds rate, with a 0.15% management fee.1 Accepted U.S. Qualified Purchasers are able to subscribe to and redeem from the Fund using USDC2 at a daily NAV which is calculated by NAV Consulting. USTB’s Ethereum-based Allowlist enables on-chain ownership, transfer, and compliance. Additionally in the future, it is likely that peer-to-peer transactions will be possible, subject to applicable restrictions. The Fund’s flexibility carries through to custody; investors can self-custody USTB in the on-chain addresses of their choice, such as an EOA, multi-sig, or MPC wallet. Additionally, investors can choose to utilize Anchorage Digital Bank National Association, a custodian and federally chartered bank, or BitGo, a qualified custodian and New York state chartered trust. Superstate, an Exempt Reporting Adviser, serves as the Fund’s investment manager, with Federated Hermes serving as the Fund’s sub-advisor. USTB is a series of a Delaware Trust, which is legally separate from Superstate. For more Fund details, please consult the USTB information page. USTB marks the start of our mission to tokenize the world’s assets. We’re committed to developing regulated, modern investing products that enhance investment opportunities for institutions, and, ultimately, all investors.