Invesco has filed with the SEC to launch the Invesco Stablecoin Reserves Onchain Fund, a tokenized fund investing in cash and short-term U.S. Treasuries to support stablecoins. The fund will utilize a public blockchain with tokenization firm Superstate as its sub-transfer agent, creating a blockchain-integrated shareholder registry.
Invesco's latest move reflects a growing trend among asset managers, alongside competitors like BlackRock and State Street, as they seek to manage reserves for an expanding stablecoin market projected to reach $4 trillion by 2030. The fund aligns with reserve requirements in the GENIUS Act, and though no specific blockchain is identified yet, it reinforces Invesco's commitment to evolving its tokenization strategy in the digital asset space.