Invesco Files for Stablecoin Reserve Money Market Fund
Investment management giant Invesco is planning to launch a new money market fund tailored for stablecoin reserves. According to an amended filing with the U.S. Securities and Exchange Commission (SEC), Invesco proposes adding the 'Invesco Stablecoin Reserves Onchain Fund' to its Short-Term Investments Trust portfolio. The fund, which has not yet disclosed a ticker, will invest in high-quality short-term assets, including U.S. Treasuries, repurchase agreements, and cash equivalents. Its objective is to maintain a stable net asset value of $1 per share while offering daily liquidity. The product is designed for stablecoin issuers, enabling them to hold compliant reserves under the GENIUS Act framework while generating yield. Invesco reported approximately $2.45 trillion in assets under management as of May 31.
Tokenization and Traditional Asset Management Convergence
The fund will also engage blockchain infrastructure company Superstate as a secondary transfer agent for tokenized shares, recording fund units on a designated public blockchain (the specific chain has not yet been disclosed). This means the fund shares will exist in tokenized form, enhancing transaction efficiency and transparency. Invesco’s move comes amid a flurry of similar products from other Wall Street institutions, such as State Street, signaling an accelerating race among traditional asset managers to capture the stablecoin reserve and tokenized money market fund market. By leveraging tokenization, Invesco aims to provide stablecoin issuers with a compliant reserve management tool while bridging traditional finance with blockchain technology.