Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market (opens original article in a new tab)

Invesco filed with the SEC to launch a tokenized fund for stablecoin reserves, using blockchain technology and joining other major asset managers in the sector.

• Invesco filed with the SEC to launch a tokenized fund investing in cash and U.S. Treasuries for stablecoin reserves.
• The fund will use Superstate as sub-transfer agent and operate on a public blockchain with on-chain tokens representing ownership.
• Invesco's move aligns with the GENIUS Act and joins other asset managers like BlackRock in targeting the growing stablecoin market.