Invesco has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the Invesco Stablecoin Reserves Onchain Fund, a new vehicle designed to offer stablecoin issuers a compliant way to manage their collateral. This regulatory move signals to institutional readers a significant step in aligning traditional asset management infrastructure with the evolving requirements of the digital asset market.
The fund is specifically engineered to comply with the reserve asset standards mandated by the federal GENIUS Act. This legislation requires stablecoin issuers to maintain 1-to-1 backing for their digital assets using highly liquid, low-risk instruments. By providing a vehicle that holds cash and U.S. Treasury securities with maturities of 93 days or less, Invesco seeks to offer a streamlined solution for issuers to meet these federal compliance obligations. According to the publication The Defiant, the fund is structured as a Rule 2a-7 government money market fund, which targets a stable $1.00 share price to ensure the capital preservation required for reserve backing.
The proposed fund will utilize a hybrid model that combines traditional financial records with blockchain-based tokenization. Invesco has named Superstate as the sub-transfer agent to maintain a shareholder registry that integrates with a public, permissionless blockchain. While the specific blockchain network has not yet been identified, the filing confirms that ownership and transfer of shares will be authenticated and recorded directly on-chain. Per the SEC filing reported by The Defiant, the fund will hold cash, Treasury bills, and overnight repurchase agreements to ensure daily liquidity for its investors.
The move follows projections that the stablecoin market could expand significantly in the coming years. Citigroup’s Tokenization 2030 report estimates that the stablecoin issuance market could reach a base case of $1.9 trillion or a bull case of $4.0 trillion by 2030. As this ecosystem grows, traditional asset managers are competing to capture the demand for infrastructure that manages the massive pools of reserves backing these digital dollars. Major institutions, including BlackRock, State Street, and Fidelity, have already launched or filed for similar reserve-focused products throughout 2026.
This filing builds upon Invesco's expanding digital asset strategy and its existing relationship with infrastructure provider Superstate. Earlier in 2026, Invesco became the first third-party asset manager to utilize Superstate’s FundOS platform, taking over the management of the nearly $967 million Superstate Short Duration US Government Securities Fund (USTB). By integrating Superstate’s technology, Invesco is positioning itself to scale its tokenized offerings across the broader crypto ecosystem. As noted by Markets Media, this collaboration leverages Invesco’s Global Liquidity team, which manages over $200 billion in assets, to bring institutional-grade management to blockchain-based investment products.
