The $2.5 trillion asset manager seeks SEC approval for a blockchain-based fund investing in cash and short-term Treasuries to back stablecoins.
Invesco has filed with the SEC to launch a tokenized fund investing in cash and short-term U.S. Treasuries to serve as reserves for stablecoins. The Invesco Stablecoin Reserves Onchain Fund will operate on a public blockchain, using tokenized shares to represent ownership.
The move follows Invesco’s earlier acquisition of Superstate’s tokenized money market fund and aligns with a broader push by asset managers, including BlackRock and State Street, into the stablecoin reserve market. Citi projects the stablecoin market could reach $4 trillion by 2030.
The fund’s portfolio complies with the GENIUS Act, which governs payment stablecoins in the U.S. Superstate will act as the sub-transfer agent for the blockchain-integrated shareholder registry.