Invesco, a U.S. asset management company with $2.2 trillion in assets under management, will take over the management of Superstate’s tokenized U.S. treasury funds, a move that will allow large traditional asset managers to get deeper into the blockchain-based financial sector.
The USTB Fund holds short-term U.S. government securities and has assets in excess of $900 million. It is one of the largest tokenized treasury funds and is a rapidly growing corner of the market, bringing money market funds into the blockchain orbit.
Upon completion of the transition, which is expected to occur in the second quarter of 2026, the fund will be renamed Invesco Short Duration US Government Securities Fund while retaining its ticker and token settings.
The move marks Invesco’s formal entry into the fast-growing $12 billion tokenized U.S. Treasury market, joining rivals from global asset managers such as BlackRock (BLK), Franklin Templeton and Fidelity Investments.
Unlike traditional financial infrastructure, blockchain-based tokens allow for near-instant settlement, transparent reserves, and round-the-clock access. BlackRock CEO Larry Fink said in his annual letter that tokenization can make investments faster, cheaper and more accessible by recording ownership on a digital ledger.
“Invesco has been strategically building the capabilities needed to support institutional-grade digital asset products,” said Kathleen Wrynn, global head of digital assets at Invesco. “Superstate’s on-chain infrastructure is a natural fit to support Invesco’s ambition to expand tokenized products over time.”
The USTB Tokenization Fund will retain its structure and strategy under Invesco, while Superstate will continue to operate the technology layer of the fund. This includes issuing fund shares in the form of tokens, settling transactions on-chain, and maintaining a digital transfer agent system.
Invesco will handle day-to-day investment decisions through its global liquidity team, which manages more than $200 billion in short-term assets.
Read more: BlackRock is betting billions that tokenized funds will do for Wall Street what the internet did for mail
