Invesco Enters Tokenized Treasury Market, Taking Over Superstate Fund

Invesco, a $2.2 trillion asset manager, steps into the growing tokenized Treasury market by acquiring Superstate’s $900 million onchain fund. This move aligns with industry leaders like BlackRock and Franklin Templeton, marking a shift towards blockchain-based finance.

2026-03-24T11:42:59.162Z

Invesco, a $2.2 trillion asset manager, has entered the rapidly-growing tokenized Treasury market. The firm is taking over Superstate’s $900 million onchain U.S. Treasury fund, a major shift toward blockchain-based finance. The USTB fund will now operate under Invesco’s banner, while Superstate retains control of the technology layer.

This move comes as part of Invesco’s strategy to scale tokenized offerings. Kathleen Wrynn, Invesco's global head of Digital Assets, stated that Superstate's onchain infrastructure is a natural fit for the firm’s ambitions. The transition, expected in the second quarter of 2026, will see the fund renamed to Invesco Short Duration US Government Securities Fund.

Blockchain-based tokens offer advantages like near-instant settlement, transparent reserves, and round-the-clock access. Larry Fink, CEO of BlackRock, highlighted the potential for tokenization to make investing faster, cheaper, and more accessible.