Invesco files SEC for tokenized stablecoin reserve fund

Asset management firm Invesco has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund designed to hold the reserve assets for stablecoin issuers, joining a rapidly expanding field of traditional financial institutions competing in the sector.

The proposed Invesco Stablecoin Reserves Onchain Fund was formally registered on June 24, 2026, and is expected to become effective approximately 60 days later. The fund will invest in cash, short-term U.S. Treasury securities, and repurchase agreements while maintaining a stable net asset value of $1 per share. It will be structured as a government money market fund under Rule 2a-7 and will be added to Invesco's existing Short-Term Investments Trust.

The fund is specifically designed to help stablecoin issuers comply with the reserve requirements of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, a federal law enacted in the summer of 2025 that established a regulatory framework for payment stablecoins. The law mandates that issuers maintain one-to-one reserves in safe, liquid assets.

Blockchain infrastructure firm Superstate will serve as the fund's sub-transfer...