Invesco files with SEC to launch stablecoin reserves onchain fund
RWA Signal Insight
U.S. TreasuriesInvesco, a $2.45 trillion asset manager, has filed with the SEC to launch the Invesco Stablecoin Reserves Onchain Fund, specifically designed to support stablecoin backing requirements under the GENIUS Act. The fund will invest in high-quality, short-term U.S. Treasuries and cash equivalents while maintaining a stable $1.00 net asset value. By tokenizing shares on public blockchains, Invesco aims to provide stablecoin issuers with a compliant, yield-bearing vehicle for their reserves. Superstate will serve as the sub-transfer agent, leveraging its existing partnership with Invesco that previously produced the USTB fund. This initiative reflects a broader industry trend where traditional financial institutions are building essential infrastructure for the digital asset ecosystem. The fund is expected to become effective 60 days after the June 24 filing, offering daily liquidity to meet the operational needs of stablecoin issuers. This development marks a significant step toward integrating institutional-grade reserve management with blockchain-based payment systems.
Key points
- Invesco filed for a tokenized fund to meet GENIUS Act stablecoin reserve requirements.
- The fund targets a $1.00 NAV using short-term U.S. Treasuries and cash equivalents.
- Superstate will act as sub-transfer agent for the fund's on-chain share tokenization.
- Invesco manages $2.45 trillion and previously collaborated with Superstate on the USTB fund.
Background
Invesco is a global investment management firm that provides a wide range of financial products and services to institutional and retail clients. Superstate is a financial technology company that specializes in tokenizing traditional investment funds, enabling them to operate on public blockchains while maintaining regulatory compliance.