Invesco, with $2.5 trillion in assets, aims to tap into the stablecoin reserve market with its new fund initiative.
Invesco has made a significant move into the realm of digital currencies by filing a registration for the Invesco Stablecoin Reserves Onchain Fund with the U.S. Securities and Exchange Commission (SEC). This new fund is designed to invest primarily in cash and short-term U.S. Treasury securities, which are essential for supporting stablecoins, and aligns with the regulatory framework established by the GENIUS Act.
The firm has partnered with Superstate, a tokenization company, to act as a sub-transfer agent. Superstate will facilitate a blockchain-based shareholder registry that integrates traditional fund documentation with on-chain tokens representing ownership. While the fund will operate on a public blockchain, the specific platform has not yet been disclosed.
This filing reflects Invesco's broader strategy to engage in the tokenization of assets, following its recent acquisition of Superstate’s tokenized Treasury fund, valued at approximately $900 million. This positions Invesco among other major asset managers, like BlackRock and State Street, who are also eyeing the burgeoning stablecoin market, which could reach a valuation of $4 trillion by 2030, according to Citigroup.
