Invesco Enters Tokenized Stablecoin Reserve Market with New Fund

Invesco has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund designed for stablecoin reserve assets under the GENIUS Act.

The proposed Invesco Stablecoin Reserves Onchain Fund will invest in cash, cash equivalents, repurchase agreements, and short-term U.S. Treasury securities while maintaining a stable $1 net asset value.

Invesco has partnered with Superstate to provide blockchain-based tokenization support and maintain the fund's on-chain shareholder registry.