Asset management giant Invesco has filed with the SEC to launch the Invesco Stablecoin Reserves Onchain Fund, a tokenized vehicle investing in cash and short-term U.S. Treasuries to back stablecoins. The fund will operate on a public blockchain with tokenization firm Superstate as sub-transfer agent, maintaining an on-chain shareholder registry. This move deepens Invesco's blockchain strategy after taking over Superstate's tokenized money market fund earlier this year. Invesco joins a growing race among major asset managers like BlackRock, State Street, and ProShares to manage reserves for the stablecoin market, which Citi projects could reach $4 trillion by 2030 from about $300 billion today. The filing aligns with reserve requirements of the GENIUS Act governing U.S. stablecoins.

Key facts

• Invesco files SEC registration for tokenized stablecoin reserve fund.
• Fund invests in cash and short-term Treasuries to back stablecoins.
• Tokenization firm Superstate serves as sub-transfer agent.
• Fund to operate on public blockchain; network not yet specified.
• Citi projects stablecoin market could reach $4 trillion by 2030.