Tokenization · SEC · Wall Street · CoinDesk
Invesco's move is another sign of asset managers increasingly chasing a new business opportunity created by stablecoins
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These cryptocurrencies are designed to maintain a fixed value, typically tied to one U.S. dollar, and are backed by reserve assets such as cash and short-term Treasuries.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- Citigroup projects the stablecoin market could expand to as much as $4 trillion by 2030, up from roughly $300 billion today, creating a potentially lucrative market for fund managers
- The firm, which has more than $2.5 trillion in AUM, filed Wednesday with the U.S. Securities and Exchange Commission (SEC) to register the Invesco Stablecoin Reserves Onchain Fund, which will invest
- An Invesco spokesperson declined to comment on the filing, telling CoinDesk that the firm does not comment on products that are in registration
Summary
Invesco has filed with the SEC to launch the Invesco Stablecoin Reserves Onchain Fund, a tokenized vehicle that will invest in cash and short-term U.S. Treasuries to back stablecoins. The fund, which will run on a public blockchain and use tokenization firm Superstate as sub-transfer agent, will maintain a blockchain-integrated shareholder registry with on-chain tokens representing ownership. Invesco’s move deepens its tokenization strategy and joins a growing race among major asset managers, including BlackRock, State Street and ProShares, to manage reserves for a stablecoin market Citi says could reach $4 trillion by 2030. Asset manager, Invesco is preparing to launch a tokenized fund to serve the fast-growing stablecoin market, the latest sign that traditional asset managers are racing to manage the reserves backing digital dollars.