Invesco Joins Race for Stablecoin Reserve Management

The proposed Invesco Stablecoin Reserves Onchain Fund will invest in cash, repurchase agreements, and short-term U.S. Treasury securities, aiming to maintain a stable $1 net asset value. By operating under the framework of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the fund is specifically tailored to help issuers meet strict one-to-one reserve requirements. Superstate will serve as the sub-transfer agent, utilizing its FundOS platform to link traditional fund records with blockchain-based ownership tokens on a public network.

This filing deepens an existing partnership between the two firms, following Invesco’s recent move to manage Superstate’s U.S. Treasury fund. As the stablecoin sector eyes a potential expansion to $4 trillion by 2030, according to Citigroup projections, traditional financial giants are rushing to capture the management fees associated with these massive reserve pools. Invesco now joins a crowded field that includes Fidelity, JPMorgan, and ProShares, all vying to provide the compliant, liquid instruments necessary for the next generation of digital currency settlement.