Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market
Key takeaways
- The firm — which has more than $2.5 trillion in AUM — filed Wednesday with the U.S.
- The filing named tokenization specialist Superstate as sub-transfer agent.
- An Invesco spokesperson declined to comment on the filing, telling CoinDesk that the firm does not comment on products that are in registration.
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.Asset manager, Invesco is preparing to launch a tokenized fund to serve the fast-growing stablecoin market, the latest sign that traditional asset managers are racing to manage the reserves backing digital dollars.
The firm — which has more than $2.5 trillion in AUM — filed Wednesday with the U.S. Securities and Exchange Commission (SEC) to register the Invesco Stablecoin Reserves Onchain Fund, which will invest in cash and short-term U.S. Treasury securities. The proposed portfolio aligns with the reserve requirements outlined in the GENIUS Act, the U.S. law governing payment stablecoins.
The filing named tokenization specialist Superstate as sub-transfer agent. Superstate will maintain a blockchain-integrated shareholder registry, combining traditional fund records with onchain tokens representing ownership. The filing said the fund will operate on a public blockchain, though it does not yet identify the network.