Invesco, a US-based asset manager that oversees $2.2 trillion in assets, will take over management of Superstate’s tokenized US Treasury fund in a move that brings a large traditional asset manager closer to blockchain-based finance.
The USTB fund holds short-term US government securities and represents more than $900 million in assets. It is among the largest tokenized Treasury funds, a fast-growing corner of the market that brings money market funds to the blockchain rails.
After the transition, scheduled for the second quarter of 2026, the fund will be renamed Invesco Short Duration US Government Securities Fund, maintaining its ticker and token configuration.
The move marks Invesco’s formal entry into the fast-growing $12 billion tokenized U.S. Treasury bond market, joining rival global asset managers such as BlackRock (BLK), Franklin Templeton and Fidelity Investments.
Unlike traditional financial infrastructure, blockchain-based tokens enable near-instant settlement, transparent reserves, and 24-hour access. BlackRock CEO Larry Fink said in his annual letter that tokenization could make investing faster, cheaper and more accessible by recording ownership on digital ledgers.
“Invesco has been strategically developing the capabilities necessary 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 ambitions to scale tokenized offerings over time.”
The USTB tokenized fund will maintain its structure and strategy under the Invesco banner, while Superstate will continue to manage the technology layer of the fund. That includes issuing fund shares as 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 bets billions that tokenized funds will do for Wall Street what the Internet did for email
