> For the complete documentation index, see [llms.txt](https://docs.superstate.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.superstate.com/investors/tokenized-funds/subscribe.md).

# Subscribe

A subscription purchases fund shares with U.S. Dollars or USDC. Each fund has different available chains, timing, and pricing. See [Available Funds](/investors/tokenized-funds/available-funds.md)

### Before subscribing

Investors must be approved for the fund, [add an eligible allowlist address](/investors/investor-portal/managing-addresses.md), and [set their default purchase destination](/investors/investor-portal/managing-addresses.md#configuring-transaction-defaults). 

### How to subscribe <a href="#how-to-subscribe" id="how-to-subscribe"></a>

In the portal:

1. Go to the Portfolio page and click **Purchase** next to the fund.
2. In the **Pay with** dropdown, choose USD (wire) or USDC (on a supported network).
3. Send funds following the displayed instructions.
4. Shares are delivered according to your default purchase destination. Either as tokens to the allowlisted address or as book-entry shares. Confirmation emails are sent on initiation and completion, and status can be tracked in the Transactions table.

### When it's priced <a href="#when-it-s-priced" id="when-it-s-priced"></a>

A purchase is priced on the fund's schedule. See the fund's page for more information.

> **Example: Invesco USTB:** USTB is continuously priced, so a purchase is priced at the NAV/S when funds are received. USDC is attributed and delivered within minutes; a USD wire is received same-day if sent before 1pm ET (otherwise the next market day), then delivered shortly after.
>
> **Example: Bitwise USCC:** USCC is priced once per market day. Funds received before 5pm ET are priced at that market day's closing NAV/S and delivered T+1; funds received after 5pm ET price at the next market day's NAV/S (T+2).

### Subscribing through a fund administrator <a href="#subscribing-through-a-fund-administrator" id="subscribing-through-a-fund-administrator"></a>

Subscription instructions for some funds are provided through the fund administrator rather than in the Superstate portal. For those funds, complete the administrator's onboarding and submit the subscription request to them. Shares will continue to be delivered based on the default purchase destination for your entity.

### Methods & fees

Accepted methods (USD wire, USDC on Ethereum, USDC on Solana) vary by fund. Gas fees on USDC transfers and bank fees on USD wires are the investor's responsibility.

### Terms

Accepted methods, pricing cadence and cutoff, and minimums vary by fund. See the [Fund directory](/investors/tokenized-funds/available-funds.md) or the fund's page.