Svmuu News: Asset management giant Invesco is planning to launch a new money market fund focused on stablecoin reserves. According to an amended filing submitted to the U.S. SEC, Invesco intends to add the “Invesco Stablecoin Reserves Onchain Fund” to its Short-Term Investments Trust portfolio.
The fund, for which a ticker symbol has not yet been announced, will primarily invest in high-quality short-term assets, including U.S. Treasury securities, repurchase agreements, and cash equivalents. Its objective is to maintain a stable net asset value of $1 per share and provide daily liquidity.
The product is designed for stablecoin issuers, enabling them to hold compliant reserves in accordance with the GENIUS Act’s reserve framework while earning returns. As of May 31, Invesco had approximately $2.45 trillion in assets under management.
The fund will also partner with blockchain infrastructure company Superstate as the secondary transfer agent for tokenized shares, recording fund shares on a designated public blockchain that has not yet been disclosed. Recently, several Wall Street institutions, including State Street, have launched similar products, indicating that traditional asset management giants are accelerating their push to capture the stablecoin reserve and tokenized money market fund markets.