Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
The $2.5 trillion asset manager deepens its blockchain push after taking over Superstate’s tokenized money market fund as fund manager earlier this year.
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Summary
- Invesco has filed with the SEC to launch the Invesco Stablecoin Reserves Onchain Fund, a tokenized vehicle that will invest in cash and short-term U.S. Treasuries to back stablecoins.
- The fund, which will run on a public blockchain and use tokenization firm Superstate as sub-transfer agent, will maintain a blockchain-integrated shareholder registry with on-chain tokens representing ownership.
- Invesco’s move deepens its tokenization strategy and joins a growing race among major asset managers, including BlackRock, State Street and ProShares, to manage reserves for a stablecoin market Citi says could reach $4 trillion by 2030.
