Invesco Files GENIUS Act-Compliant Money Market Fund for Stablecoins

• Invesco filed a GENIUS Act-compliant fund for stablecoin reserve management.
• The fund will invest in cash, Treasuries, and repos to maintain liquidity.
• Superstate will tokenize fund shares and manage blockchain shareholder records.

Invesco has filed to launch a GENIUS Act-compliant tokenized money market fund designed for stablecoin issuers. The proposed product will provide yield-bearing, liquid reserve assets on public blockchains while supporting compliance with U.S. regulations governing payment stablecoins.

Invesco Targets Stablecoin Reserve Market

Invesco has filed with the U.S. Securities and Exchange Commission (SEC) to launch the Invesco Stablecoin Reserves Onchain Fund, a tokenized money market fund aimed at stablecoin issuers. The proposed product is designed to provide yield-bearing, liquid reserves on public blockchains while meeting the requirements established under the GENIUS Act.

The filing comes as the $2.45 trillion asset manager expands its presence in tokenized finance. The fund will help payment stablecoin issuers hold qualifying reserve assets without investing directly in digital currencies, reflecting growing institutional demand for regulated blockchain-based financial products.

According to the registration statement, the fund will invest primarily in cash, short-term U.S. Treasury securities, and repurchase agreements. As a result, it will maintain a stable net asset value of one dollar while providing highly liquid assets suitable for reserve management.

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.

The filing was submitted on June 24 and is expected to become effective approximately sixty days later unless the Securities and Exchange Commission raises objections. Once approved, the fund will join Invesco’s existing Short-Term Investments Trust alongside its other money market offerings.

Blockchain infrastructure company Superstate will act as the sub-transfer agent for the fund. The company will tokenize fund shares and maintain blockchain-integrated shareholder records, although the filing does not specify which public blockchain will support the product.

Institutional Competition Accelerates

Invesco’s latest filing highlights increasing competition among traditional financial institutions entering the tokenized money market sector. Asset managers are positioning these products as compliant reserve solutions for stablecoin issuers following the introduction of clearer U.S. regulations.

Earlier this year, Invesco assumed day-to-day portfolio management responsibilities for Superstate’s tokenized U.S. Treasury fund, USTB. That partnership strengthened the firm’s blockchain capabilities before launching this dedicated stablecoin reserve initiative.

Several major financial institutions have introduced similar products in recent months. BlackRock, State Street, JPMorgan, Goldman Sachs, Morgan Stanley, and BNY have all expanded their tokenized investment offerings as institutional blockchain adoption continues growing.

The stablecoin market currently holds roughly $300 billion in value, while analysts expect substantial long-term expansion. Citigroup projects the sector could reach approximately $4 trillion by 2030, creating significant opportunities for regulated reserve management services.

Although Invesco declined to comment on products currently under regulatory review, the filing demonstrates its continued commitment to blockchain-enabled financial infrastructure. The proposed fund also reflects broader efforts by traditional asset managers to combine regulated investment products with public blockchain technology for institutional clients.

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