Invesco (NYSE: $IVZ) is moving deeper into the stablecoin reserve market with a new tokenized money market fund aimed at issuers looking for compliant, yield-bearing cash management.
The $2.45 trillion asset manager filed an amended registration statement with the Securities and Exchange Commission on June 24 to add the Invesco Stablecoin Reserves Onchain Fund to its Short-Term Investments Trust. The fund does not yet have a ticker and is expected to become effective about 60 days after the filing, unless regulators intervene.
The structure is built around a simple institutional pitch. Stablecoin issuers need approved reserve assets, daily liquidity and operational rails that can plug into blockchain-based finance without leaving regulated fund wrappers. Invesco’s filing says the fund will invest in liquid, high-quality, U.S. dollar-denominated assets that payment stablecoin issuers are permitted to hold under the GENIUS Act framework.
More From Cryptoprowl:
The fund will not invest in stablecoins or stablecoin issuers. Instead, it will use traditional reserve instruments while allowing ownership and transfer records for fund shares to be represented on public blockchains through Superstate Services, which will serve as a sub-transfer agent under Invesco oversight.
Superstate’s role gives the product its onchain layer. The filing describes a blockchain-integrated recordkeeping system that combines off-chain book-entry records with digital representations of fund shares on designated public blockchains. Wallets must be registered and verified, keeping the product closer to permissioned institutional infrastructure than open crypto trading.
The filing adds Invesco to a growing group of Wall Street firms positioning money market funds as stablecoin reserve infrastructure. The category has become more attractive as stablecoin legislation gives issuers a clearer map for eligible reserves, while tokenized fund platforms try to make those assets usable inside faster settlement and collateral workflows.
Invesco already had a link to the sector after taking over day-to-day portfolio management of Superstate’s USTB tokenized Treasury fund earlier this year.
Invesco Ltd. (NYSE: IVZ) is currently trading at $25.87 U.S. per share.