Invesco has submitted an amended filing to the U.S. Securities and Exchange Commission to launch the Invesco Stablecoin Reserve Onchain Fund, a money market fund dedicated to stablecoin reserve assets.
The product is set to be added to Invesco’s existing short-term investment trust portfolio. It will invest mainly in high-quality short-term assets such as U.S. Treasuries, repurchase agreements and cash equivalents, and maintain a $1 net asset value per share. Invesco will work with blockchain infrastructure firm Superstate to tokenise shares and record them on a public blockchain.
The structure is designed to allow stablecoin issuers to manage compliant reserve assets while also generating returns. Invesco appears to be joining the trend, with State Street, BlackRock, Morgan Stanley, BNY, JPMorgan and Goldman Sachs having already launched similar products.
Chi-gyu Hwang (황치규)
delight@d-today.co.kr