Key facts
- Invesco has filed with the SEC to launch a new fund.
- The fund is named the Invesco Stablecoin Reserves Onchain Fund.
- The fund will be a tokenized vehicle.
- It will invest in cash and short-term U.S. Treasuries.
- The fund's investments will back stablecoins.
- The fund will operate on a public blockchain.
- Superstate will serve as the sub-transfer agent.
Asset management giant Invesco has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to establish a novel tokenized investment vehicle. This new fund, named the Invesco Stablecoin Reserves Onchain Fund, is designed to invest in a portfolio of cash and short-term U.S. Treasury securities. The primary objective of these investments is to serve as collateral and backing for stablecoins. A key feature of the fund is its operation on a public blockchain, indicating a move towards integrating traditional finance with decentralized ledger technology. Superstate has been appointed to serve as the sub-transfer agent for this tokenized fund. This development signals Invesco's engagement with the growing digital asset space and its exploration of blockchain-based financial products.