Wall Street · JPMorgan · The Block
Trillion-dollar asset manager Invesco looks to plant a flag in tokenized stablecoin reserve sector
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Crypto-friendly asset manager Invesco is looking to launch a new money market fund focused on stablecoin reserves, according to a recently amended filing submitted to the Securities and Exchange Commission.
Key facts
- The firm last calculated its assets under management at $2.45 trillion in a May 31 report
- In March, Invesco assumed day-to-day portfolio management of Superstate’s $700 million tokenized U.S. Treasury fund (USTB)
- These funds resemble some of the earliest tokenized MMFs, like BlackRock's BUIDL and Franklin Templeton's BENJI, which also maintain $1 NAVs, but are not explicitly designed for stable issuers
- The filing notes that Invesco's fund is expected to become effective approximately 60 days after the June 24 filing
Summary
In particular, Invesco has asked to add the so-called Invesco Stablecoin Reserves Onchain Fund to its Short-Term Investments Trust portfolio, a long-standing Invesco Delaware statutory trust structure that houses other money market-style funds. The firm last calculated its assets under management at $2.45 trillion in a May 31 report. This new fund, which doesn’t yet have a ticker, will invest primarily in high-quality, short-term assets such as U.S. Treasuries, repo agreements, and cash equivalents to maintain a stable $1 net asset value. This structure, like a litany of similar products from Wall Street institutions looking to break into the stablecoin sector, is designed for stablecoin issuers to hold compliant reserves while earning yield and maintaining daily liquidity.