Invesco enters tokenization sector by acquiring Superstate’s $900 million on-chain fund.

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The $2.2 trillion asset manager is venturing into the rapidly expanding tokenized Treasury market, joining prominent global financial institutions like BlackRock and Franklin Templeton.

(Jeff Schear/Getty Images for NYCWFF)

What to know:

  • Invesco, an asset manager with $2.2 trillion in assets, is entering the burgeoning tokenized fund sector, taking over the management of Superstate’s $900 million tokenized U.S. Treasury fund USTB.
  • The fund will be rebranded as the Invesco Short Duration US Government Securities Fund in the second quarter of 2026, while maintaining its token structure and Superstate’s infrastructure.
  • The tokenized U.S. Treasury market, valued at $12 billion, is gaining popularity for its near-instant settlement capabilities and 24/7 trading, attracting global asset managers such as BlackRock and Franklin Templeton.

Invesco, a U.S.-based asset management firm overseeing $2.2 trillion in assets, will assume management of Superstate’s tokenized U.S. Treasury fund, marking a significant entrance into blockchain-based finance by a major traditional asset manager.

The USTB fund consists of short-term U.S. government securities and accounts for over $900 million in assets. It ranks among the largest tokenized Treasury funds, representing a rapidly expanding segment of the market that is transitioning money market funds onto blockchain technology.

Following the transition, anticipated in the second quarter of 2026, the fund will be named the Invesco Short Duration US Government Securities Fund while preserving its ticker and token structure.

This action signifies Invesco’s official entry into the rapidly evolving $12 billion tokenized U.S. Treasuries market, aligning with competing global asset managers such as BlackRock (BLK), Franklin Templeton, and Fidelity Investments.

In contrast to conventional financial frameworks, blockchain-based tokens provide near-instant settlement, transparent reserves, and continuous access. BlackRock CEO Larry Fink has mentioned in his annual letter that tokenization could enhance the speed, cost-effectiveness, and accessibility of investments by documenting ownership on digital ledgers.

"Invesco has been strategically developing the capabilities necessary to support institutional-grade digital asset products," stated Kathleen Wrynn, Invesco’s global head of digital assets. "Superstate’s on-chain infrastructure complements Invesco’s ambitions to expand tokenized offerings over time."

The USTB tokenized fund will retain its structure and strategy under Invesco’s management, while Superstate will continue overseeing the fund’s technological framework. This includes issuing fund shares as tokens, processing transactions on-chain, and managing a digital transfer agent system.

Invesco will manage daily investment decisions through its global liquidity team, which oversees over $200 billion in short-term assets.

Read more: BlackRock is betting billions that tokenized funds will do for Wall Street what the internet did to mail