Invesco, a US-based asset manager that oversees $2.2 trillion in assets, will take over management of Superstate’s tokenized US Treasury fund, bringing a large traditional asset manager deeper into blockchain-based finance.
The USTB fund holds short-term U.S. government securities and represents more than $900 million in assets. It ranks among the largest tokenized Treasury funds, a rapidly growing segment of the market that is bringing money market funds onto the blockchain rails.
After the transition, expected in the second quarter of 2026, the fund will be renamed Invesco Short Duration US Government Securities Fund while retaining its ticker and token configuration.
The move marks Invesco’s official entry into the fast-growing $12 billion US Treasury market, joining competing 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 strategically built the capabilities required to support institutional-grade digital asset products,” said Kathleen Wrynn, Invesco’s global head of digital assets. “Superstate’s on-chain infrastructure comes together 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 manage the technology layer of the fund. This includes issuing tokenized fund shares, settling transactions on-chain, and maintaining a digital transfer agent system.
Invesco will manage daily investment decisions through its global liquidity team, which manages more than $200 billion in current assets.
Read more: BlackRock is betting billions that token funds will do for Wall Street what the internet did for mail
