Key facts
- Invesco has filed with the SEC to launch the Invesco Stablecoin Reserves Onchain Fund.
- The fund will invest in cash and short-term U.S. Treasury securities.
- Superstate will act as the sub-transfer agent, maintaining a blockchain-integrated shareholder registry.
- The fund is intended to serve the stablecoin market, which Citi projects could reach $4 trillion by 2030.
- This move aligns with Invesco's broader strategy in tokenization and follows similar filings by BlackRock, State Street, and ProShares.
Asset management giant Invesco has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Invesco Stablecoin Reserves Onchain Fund. This tokenized vehicle aims to invest in cash and short-term U.S. Treasury securities to back stablecoins, aligning with regulatory frameworks like the GENIUS Act. The fund will operate on a public blockchain, with Superstate serving as the sub-transfer agent responsible for a blockchain-integrated shareholder registry and on-chain ownership tokens.
This move signifies Invesco's deepening commitment to tokenization and places it in a competitive landscape with other major asset managers, including BlackRock, State Street, and ProShares, who are also seeking to manage reserves for the rapidly expanding stablecoin market. Citigroup forecasts this market could reach $4 trillion by 2030, presenting a significant opportunity for fund managers.
The filing builds upon Invesco's existing tokenization strategy, following its recent management of Superstate's approximately $900 million tokenized Treasury fund. This initiative positions Invesco alongside peers like BlackRock, Franklin Templeton, and Fidelity in modernizing asset issuance and settlement through blockchain technology.