INSTITUTIONAL | Another Giant Asset Manager Files for a Tokenized Fund Targeting the Stablecoin Reserve Market

Asset management giant, Invesco, has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund designed for the rapidly expanding stablecoin reserve market marking the firm’s latest push into on-chain finance as Wall Street intensifies efforts to capitalize on digital asset infrastructure. The proposed Invesco Stablecoin Reserves Onchain Fund would issue fund shares directly on public blockchains while investing in cash, short-term U.S. Treasuries and overnight repurchase agreements backed by Treasuries, the types of […]