- Invesco will take over management of Superstate’s tokenized U.S. Treasury fund USTB in 2026 while keeping its token structure
- The move brings Invesco into the $12 billion tokenized Treasuries market, with Superstate continuing to run the fund’s onchain infrastructure
Invesco is set to deepen its presence in blockchain-based finance by taking over management of Superstate’s tokenized U.S. Treasury fund, a move that places one of the largest U.S. asset managers more directly into the tokenization of traditional securities.
Invesco steps into tokenized Treasuries via Superstate fund
Invesco, which oversees $2.2 trillion in assets, will assume control of Superstate’s USTB tokenized U.S. Treasury fund in the second quarter of 2026. Following the handover, the vehicle will be renamed the Invesco Short Duration US Government Securities Fund, while its existing ticker and tokenized structure will remain in place. The fund holds short-term U.S. government securities and currently represents more than $900 million in assets, putting it among the largest tokenized Treasury funds in a segment that has grown into a $12 billion market.
By stepping into management of USTB, Invesco formally joins a group of major global asset managers active in tokenized U.S. Treasuries, including BlackRock, Franklin Templeton and Fidelity Investments. The shift underscores how large traditional players are using public and private blockchain rails to distribute money market-style products, while retaining underlying portfolios of conventional fixed-income securities.
How the tokenized fund will operate under Invesco
Under the new arrangement, the USTB fund’s investment strategy and token-based setup will be preserved, but responsibilities will be divided between Invesco and Superstate. Invesco’s global liquidity team, which already manages more than $200 billion in short-term assets, will take charge of daily portfolio decisions, such as managing exposure to short-dated U.S. government instruments in line with the fund’s mandate.
Superstate will continue to run the onchain technology stack that supports the product. That includes issuing fund shares as blockchain-native tokens, handling onchain settlement of transactions, and maintaining a digital transfer agent system that records ownership on distributed ledgers. This split structure keeps the asset management function with Invesco while leveraging Superstate’s infrastructure to keep the fund’s shares tokenized and tradable on blockchain rails.
According to Kathleen Wrynn, Invesco’s global head of digital assets, the firm has been building the internal capabilities needed to support institutional-grade digital asset products. She said Superstate’s onchain infrastructure aligns with Invesco’s plans to expand tokenized offerings over time, suggesting the fund could be a starting point for a broader lineup of blockchain-linked products.
Tokenization push and competitive landscape for Invesco
The move comes as tokenized Treasuries continue to attract asset managers seeking to bridge traditional markets and digital asset ecosystems. Tokenized funds like USTB use blockchain to represent claims on underlying money market portfolios, aiming to deliver features such as near-instant settlement, transparent reserves, and 24/7 access that are not typically available through legacy systems. BlackRock CEO Larry Fink has argued that recording ownership on digital ledgers could make investing faster, cheaper and more accessible, framing tokenization as an important evolution in how securities are held and traded.
For Invesco, entering this $12 billion segment places it directly alongside competitors including BlackRock, Franklin Templeton and Fidelity, each of which has launched or backed tokenized Treasury products. By maintaining Superstate’s existing token infrastructure while applying its own scale and liquidity expertise, Invesco is positioning itself to serve institutional and potentially other market participants seeking blockchain-based exposure to U.S. government securities.
Conclusion
With the planned 2026 transition of Superstate’s USTB fund, Invesco is making a defined move into the tokenized U.S. Treasuries space, adding a blockchain-enabled product to its lineup of short-term fixed-income strategies. Superstate will continue to operate the onchain technology, while Invesco controls investment management, creating a hybrid model that combines traditional asset management with digital asset infrastructure at a time when tokenization is gaining traction among large financial institutions.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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