Invesco Plans a Stablecoin Reserve Money Market Fund
According to ChainCatcher, asset management giant Invesco is preparing to launch a new money market fund dedicated to stablecoin reserves. The firm has submitted an amended filing to the U.S. Securities and Exchange Commission (SEC) to add the “Invesco Stablecoin Reserves Onchain Fund” to its Short-Term Investments Trust product lineup. The fund's ticker has not yet been announced. Its portfolio will consist primarily of high-quality short-term assets, including U.S. Treasury securities, repurchase agreements, and cash equivalents. The core objective is to maintain a stable net asset value of $1 per share while offering daily liquidity to investors.
The product is designed specifically for stablecoin issuers, enabling them to hold compliant reserves under the framework of the GENIUS Act while also generating yield. Invesco, which managed approximately $2.45 trillion in assets as of May 31, is signaling a continued push into the digital asset space. To further digitize the fund, Invesco has engaged Superstate, a blockchain infrastructure company, as a sub-transfer agent for the fund's tokenized shares. The shares will be recorded on a designated public blockchain that has not yet been disclosed, enhancing transparency and transaction efficiency.
Traditional Asset Managers Accelerate Entry into Stablecoin Reserve Sector
Invesco is not alone in targeting the stablecoin reserve market. In recent months, several Wall Street institutions including State Street have launched similar products tailored to the reserve management needs of stablecoin issuers. These products typically invest in short-duration, high-liquidity assets such as Treasury bills and repurchase agreements, and strive to maintain a stable net asset value of $1. As the stablecoin market continues to expand, compliant reserve management has become a central issue for both issuers and regulators. The advancement of regulatory frameworks such as the GENIUS Act provides a clear compliance path for traditional asset managers entering this space.
Invesco's decision to tokenize fund shares also reflects the broader trend of convergence between traditional finance and decentralized technology. By recording fund shares on a public blockchain, investors can more easily track assets, achieve instant settlement, and reduce intermediary costs. However, the specific underlying blockchain has yet to be announced, and the market is watching which network will be chosen. Overall, Invesco's move underscores the determination of traditional asset management giants to compete for the stablecoin reserve and tokenized money market fund market, and competition in this sector is expected to intensify in the near future.