US-based asset manager Invesco, which manages $2.2 trillion in assets, will take over management of the superstate’s tokenized US Treasury funds, in a move that brings large traditional asset managers deeper into blockchain-based finance.
The USTB Fund holds short-term U.S. government securities and has over $900 million in assets. It ranks among the largest tokenized Treasury funds and is part of a fast-growing market bringing money market funds to blockchain rails.
Following the transition, scheduled for the second quarter of 2026, the fund will retain its ticker and token configuration and be renamed Invesco Short-Term U.S. Government Securities Fund.
The move marks Invesco’s official entry into the fast-growing $12 billion tokenized U.S. debt market, joining rival global asset managers such as BlackRock (BLK), Franklin Templeton and Fidelity Investments.
Unlike traditional financial infrastructure, blockchain-based tokens enable near-instant payments, transparent reserves, and 24-hour access. BlackRock CEO Larry Fink said in his annual letter that tokenization has the potential to make investing faster, cheaper and more accessible by recording ownership on a digital ledger.
“Invesco has strategically built the capabilities necessary to support institutional-grade digital asset products,” said Kathleen Lin, Invesco’s global head of digital assets. “Superstate’s on-chain infrastructure is a natural fit to support Invesco’s ambitions to scale its tokenized services over time.”
The USTB Tokenization Fund will maintain its structure and strategy under the Invesco banner, while Superstate will continue to operate the technology layer of the fund. This includes issuing fund shares as tokens, settling transactions on-chain, and maintaining a digital transfer agent system.
Invesco will make day-to-day investment decisions through its global liquidity team, which manages over $200 billion in short-term assets.
Read more: BlackRock is betting billions on the hope that tokenized funds will do for Wall Street what the internet did for email
