Upshift RWA Clear

To view available instant liquidity for each supported RWA, visit the Upshift Clear page.

Tokenized RWA redemptions have historically been a blocker for full adoption onchain. A holder can burn their token onchain in seconds, but the actual capital return takes 1 to 3 business days: the issuer calculates NAV, instructs the custodian, liquidates the underlying position, and wires settlement through banking rails. Weekends and holidays add more delay.

This creates problems for anything that depends on fast, predictable liquidity: lending protocols that need to liquidate collateral in one block, structured products with tight settlement windows, or treasuries that can't afford capital locked in a redemption queue.

How Clear Solves This

Upshift Clear sits between the RWA holder and the issuer's redemption process. A pool of USDC (funded by LPs) is available for instant payouts. When a holder wants to exit, the contract prices their RWA tokens using a live Chainlink oracle, applies a spread fee, and sends USDC in the same transaction. The RWA tokens then go through the issuer's normal redemption process in the background, and the returned capital refills the pool.

Between redemptions, USDC in the pool doesn't sit idle. It's automatically routed to an ERC-4626 yield vault (e.g., Morpho) for lending yield. If a redemption needs more USDC than the contract holds in reserve, it pulls from the yield layer within the same transaction.

The LP Side: clrRWA

LPs deposit USDC and receive clrRWA, a composable ERC-20 receipt token. Their capital earns from two sources: a spread fee on every instant redemption, and lending yield on idle USDC. LPs don't take on the RWA's strategy risk because the vault holds the underlying tokens only during the brief settlement window before the issuer processes the standard redemption.

Fees stay in the vault and accrue to the share price automatically, with no separate extraction or distribution step. The share price reflects total vault assets, including what's deployed in the yield layer and any fees earned.