Invesco files for blockchain-based money market fund targeting stablecoin reserves

Invesco has taken a new step into blockchain-based finance. The firm has filed with the U.S. Securities and Exchange Commission to launch a tokenized money market fund. This move targets the expanding stablecoin reserve market, which could grow to between $1.9 trillion and $4 trillion by 2030. The proposed fund, named Invesco Stablecoin Reserves Onchain Fund, would invest in cash, short-term U.S. Treasuries, and overnight repurchase agreements backed by Treasuries. It would issue shares directly on public blockchains. The filing makes clear that the fund will not hold cryptocurrencies directly.

This initiative follows Invesco’s earlier work with Superstate’s tokenized U.S. Treasury fund. Traditional financial institutions are increasingly competing for a role in managing stablecoin reserves. Many see tokenized money market funds as a major long-term growth area. The filing strengthens Invesco’s position in blockchain-based asset management. It also highlights the growing interest among major firms in stablecoin reserve solutions. The market for such services is projected to expand significantly over the next decade.