Asset management giant Invesco plans to launch a tokenized stablecoin reserve fund

Odaily reported that asset management giant Invesco is planning to launch a new money market fund designed for stablecoin reserves. According to a revised filing submitted to the U.S. SEC, Invesco intends to add the "Invesco Stablecoin Reserves Onchain Fund" to its Short-Term Investments Trust product portfolio.

The fund has not yet announced its ticker symbol. It will primarily invest in high-quality short-term assets, including U.S. Treasuries, repurchase agreements, and cash equivalents, aiming to maintain a stable net asset value of $1 per share and provide daily liquidity.

This product is designed for stablecoin issuers, enabling them to hold compliant reserves within the framework of the GENIUS Act reserve requirements while also generating yield. As of May 31, Invesco managed approximately $2.45 trillion in assets.

The fund will also introduce blockchain infrastructure company Superstate as a secondary transfer agent for tokenized shares, recording fund shares on a designated public blockchain that has yet to be disclosed. Recently, several Wall Street institutions, including State Street, have also launched similar products, indicating that traditional asset management giants are accelerating their competition for the stablecoin reserve and tokenized money market fund market.