Invesco Tokenized Stablecoin Fund Targets Compliant Reserves
Invesco filed with the U.S. SEC on June 24, 2026 to register the Invesco Stablecoin Reserves Onchain Fund, targeting stablecoin issuers needing compliant, liquid reserve assets.
Fund Structure
The proposed government money market fund will:
- Maintain a constant $1 net asset value
- Invest in cash instruments, short-term U.S. Treasury securities, and repurchase agreements
- Comply with the GENIUS Act reserve requirements for payment stablecoins
- Be classified under Rule 2a-7 as a government money market fund
The fund will be housed within Invesco’s existing Short-Term Investments Trust (Delaware statutory trust). No ticker assigned yet; anticipated effective date roughly 60 days after filing.
Blockchain Integration
Superstate will serve as sub-transfer agent, tokenizing fund shares and maintaining a blockchain-integrated shareholder registry. Invesco already manages Superstate’s tokenized U.S. Treasury fund (USTB, ~$700–900M AUM) since March 2026 — the first third-party asset manager on Superstate’s FundOS platform.
The filing confirms operation on a public blockchain (network not named; Superstate has used Ethereum and Solana).
Competitive Landscape
Stablecoin market ~4T by 2030. Competitors include BlackRock, State Street (launched comparable GENIUS Act product the prior week), Morgan Stanley, BNY, JPMorgan, Goldman Sachs, and ProShares.
Invesco’s existing Superstate relationship provides operational infrastructure that pure financial entrants are building from scratch.