The $2.5 trillion asset manager deepens its blockchain push after taking over Superstate's tokenized money market fund as fund manager earlier this year.
- Invesco has filed with the SEC to launch a tokenized fund, the Invesco Stablecoin Reserves Onchain Fund, which will invest in cash and short-term U.S. Treasuries to back stablecoins.
- This move signifies Invesco's deepening blockchain strategy and joins a competitive landscape with other major asset managers also pursuing stablecoin reserve management.
- The fund will operate on a public blockchain, utilizing tokenization firm Superstate for its shareholder registry and on-chain token representation of ownership.
Topics: Asset types, Institutional adoption, Blockchain usage, Stablecoins digital cash, Asset manager initiatives, Ethereum evm l 1 s
Tags: #invesco #stablecoinreserves #tokenizedfund #superstate #secfiling #ustreasuries #blockchain #digitaldollars #assetmanagement #citigroup
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