VALINOR LAUNCHES TOKENIZED BDC FUND ON SUPERSTATE

Summary from the TLDR Crypto newsletter

Valinor Digital launched VBDC on Superstate's FundOS platform, a tokenized fund giving qualified purchasers exposure to publicly traded BDCs trading at steep NAV discounts, including FS KKR Capital (35% below NAV) and Blue Owl Capital (22% below NAV), with a $100K minimum and 1.25% annual management fee. The launch pushes Superstate's combined AUM to $1 billion, joining USTB ($816M), Bitwise Crypto Carry Fund ($158M), and Coinbase USD Stablecoin Yield Fund ($25M) on the platform. Despite launching on September 1, the VBDC token contract shows zero total supply with no on-chain transfers recorded, and DeFi integrations remain listed as coming soon.