Invesco Files GENIUS Act-Compliant Money Market Fund for Stablecoin Issuers
Invesco, the $2.45 trillion asset manager, has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund specifically designed for stablecoin issuers. The proposed Invesco Stablecoin Reserves Onchain Fund is structured to comply with the GENIUS Act, the U.S. law governing payment stablecoins, and will invest in cash, short-term U.S. Treasury securities, and repurchase agreements to maintain a stable net asset value of one dollar.
Targeting the Stablecoin Reserve Market
The filing, submitted on June 24, 2026, reflects Invesco’s strategy to serve the growing demand for regulated, blockchain-based reserve management solutions. Unlike crypto investment funds, the proposed vehicle will not purchase stablecoins or securities issued by stablecoin companies. Instead, it will focus exclusively on traditional low-risk assets permitted under the GENIUS Act reserve framework for payment stablecoins.
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Blockchain infrastructure company Superstate will act as sub-transfer agent for the fund, tokenizing shares and maintaining blockchain-integrated shareholder records. The filing does not specify which public blockchain will support the product.
Institutional Competition Intensifies
Invesco’s move comes amid a wave of traditional financial institutions entering the tokenized money market sector. BlackRock, State Street, JPMorgan, Goldman Sachs, Morgan Stanley, and BNY have all expanded their tokenized investment offerings as institutional blockchain adoption grows.
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The stablecoin market currently holds roughly $300 billion in value, with analysts projecting substantial expansion. Citigroup estimates the sector could reach approximately $4 trillion by 2030, creating significant opportunities for regulated reserve management services.
Earlier this year, Invesco assumed portfolio management responsibilities for Superstate’s tokenized U.S. Treasury fund, USTB, strengthening its blockchain capabilities ahead of this dedicated stablecoin reserve initiative. Invesco declined to comment on products under regulatory review.
Frequently Asked Questions
What is the GENIUS Act?
The GENIUS Act is a U.S. law that establishes regulatory standards for payment stablecoins, including reserve requirements and compliance rules for issuers.
How will Invesco’s fund work for stablecoin issuers?
The fund will hold traditional low-risk assets like cash and Treasuries, maintaining a stable $1 net asset value, and tokenized shares will be managed on a public blockchain for transparent reserve management.
When will the Invesco stablecoin fund launch?
The SEC filing was submitted on June 24, 2026, and is expected to become effective approximately 60 days later unless regulators raise objections.
Who is Superstate and what is their role?
Superstate is a blockchain infrastructure company that will act as sub-transfer agent, tokenizing fund shares and maintaining blockchain-integrated shareholder records.
