Invesco, a global asset manager with $2.2 trillion in assets under management, has announced it will take over management of Superstate's tokenized U.S. Treasury fund, a move that significantly deepens traditional finance's involvement in blockchain-based finance. The fund, known as the USTB fund, holds short-term U.S. government securities and represents over $900 million in assets, ranking it among the largest tokenized Treasury funds in a market that has grown to approximately $12 billion.
The transition is expected to be completed in the second quarter of 2026. Following the takeover, the fund will be renamed the Invesco Short Duration US Government Securities Fund, while retaining its existing ticker and tokenized structure. This strategic acquisition marks Invesco's formal entry into the competitive tokenized U.S. Treasuries space, where it now joins other heavyweight asset managers like BlackRock, Franklin Templeton, and Fidelity Investments.
Kathleen Wrynn, Invesco's Global Head of Digital Assets, stated, "Invesco has been strategically building the capabilities required to support institutional-grade digital asset products. Superstate’s onchain infrastructure pairs naturally to support Invesco’s ambitions to scale tokenized offerings over time." The partnership leverages blockchain technology's advantages, including near-instant settlement, transparent reserve tracking, and 24/7 accessibility—features that BlackRock CEO Larry Fink has highlighted as key to making investing faster, cheaper, and more accessible.
Under the new arrangement, Superstate will continue to operate the fund's underlying technology layer. This includes issuing fund shares as tokens, settling transactions on-chain, and maintaining a digital transfer agent system. Invesco will assume responsibility for the day-to-day investment management through its global liquidity team, which oversees more than $200 billion in short-term assets.
