Invesco, a US-based asset manager overseeing $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 deeper into blockchain-based finance.
The USTB fund holds short-term U.S. Treasury securities and represents more than $900 million in assets. It ranks among the largest tokenized treasury funds, a fast-growing corner of the market that brings money market funds onto blockchain rails.
Following the transition, expected in the second quarter of 2026, the fund will be renamed the Invesco Short Duration US Government Securities Fund, while retaining its ticker and token setup.
The move marks Invesco’s formal entry into the fast-growing, $12 billion tokenized US Treasury bond market, joining rival global asset managers such as BlackRock ( BLK ), Franklin Templeton and Fidelity Investments.
Unlike traditional financial infrastructure, blockchain-based tokens allow near-instant settlement, transparent reserves and 24/7 access. BlackRock CEO Larry Fink has said in his annual letter that tokenization can make investing faster, cheaper and more accessible by recording ownership on digital ledgers.
“Invesco has strategically built the capabilities required to support institutional-grade digital assets,” said Kathleen Wrynn, Invesco’s global head of digital assets. “Superstate’s onchain infrastructure pairs naturally to support Invesco’s ambitions to scale tokenized offerings over time.”
The USTB tokenized fund will retain its structure and strategy under the Invesco banner, while Superstate will continue to operate the fund’s technology layer. It includes issuing fund shares as tokens, settling transactions on the chain and maintaining a digital transfer agent system.
Invesco will handle day-to-day investment decisions through its global liquidity team, which manages over $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
