TL;DR:
- Regulatory filing: Invesco filed an amendment with the U.S. Securities and Exchange Commission (SEC) to register the Invesco Stablecoin Reserves Onchain Fund under its existing Short-Term Investments Trust structure.
- Backing assets: The investment strategy will focus exclusively on high-quality, short-term instruments, such as U.S. Treasury bonds, repurchase agreements (repos), and cash equivalents.
- Blockchain infrastructure: Tech firm Superstate will act as a secondary transfer agent, facilitating the tokenization of the fund’s shares within public blockchains that have not yet been officially specified.
Asset manager Invesco is looking to formally enter the tokenized stablecoin reserve market by launching a new money market fund (MMF) tailored to current federal regulations.
Invesco and Superstate Drive an Institutional Daily Liquidity Vehicle
The registration statement, formally filed on June 24, 2026, details that this financial vehicle will operate under Rule 2a-7 as a traditional government money market fund, seeking to maintain a stable net asset value (NAV) of $1 per share. At the close of its financial report on May 31, 2026, Invesco managed a total of $2.45 trillion in assets globally.
The terms of the legal document sent to the SEC indicate that this financial product is specifically designed for stablecoin issuers to safeguard their collateral in a regulated environment, generating yields while retaining immediate liquidity for their daily operations.
The technical alliance between both firms does not represent their first approach in the digital sector. Corporate records from March indicate that Invesco took over the daily portfolio management of Superstate’s tokenized Treasury bond fund, which managed nearly $700 million. That product was renamed Invesco Short Duration US Government Securities Fund, maintaining its ticker USTB and the tokenization infrastructure provided by Superstate.
For this new stablecoin-focused fund, onchain registry operations will be carried out on public networks; the official document details the inherent risks of the Ethereum network, omitting direct mentions of other smart contract ecosystems like Solana.
The Impact of the GENIUS Act on Wall Street
The structuring of this fund responds directly to the enactment of the U.S. Guidance and Establishment of National Innovation for Stablecoins Act (GENIUS Act), passed by Congress last summer in 2025. The guidelines stipulated in the law established the definitive federal framework clarifying what type of liquid assets are eligible to back digital currencies pegged to the dollar.
According to State Street’s institutional report, global projections estimate that the total stablecoin issuance market could expand to a range of between 1.9 and 4 trillion dollars by the year 2030, drawing the interest of institutional cash managers.
Invesco’s strategic move aligns with a widespread trend among Wall Street banking giants seeking to capture market share in this digital infrastructure sector. Last week, State Street launched its money market fund named SSCXX, which complies with the GENIUS Act and is aimed at stablecoin issuers.
Archival data confirms that these initiatives follow the path opened by massive firms like BlackRock, Morgan Stanley, BNY, JPMorgan, and Goldman Sachs. However, pioneering products like BlackRock’s BUIDL or Franklin Templeton’s BENJI originally focused on general liquidity, unlike the new MMFs that configure their asset baskets exclusively for digital payment issuers.
The new Invesco instrument is projected to officially go into effect approximately 60 days after its filing date with financial authorities, establishing a key milestone for its commercial deployment by the end of August 2026.
