Invesco Targets Stablecoin Reserves With New Tokenized Money Market Fund

Invesco (NYSE: $IVZ) is moving deeper into the stablecoin reserve market with a new tokenized money market fund aimed at issuers looking for compliant, yield-bearing cash management.

The $2.45 trillion asset manager filed an amended registration statement with the Securities and Exchange Commission on June 24 to add the Invesco Stablecoin Reserves Onchain Fund to its Short-Term Investments Trust. The fund does not yet have a ticker and is expected to become effective about 60 days after the filing, unless regulators intervene.

The structure is built around a simple institutional pitch. Stablecoin issuers need approved reserve assets, daily liquidity and operational rails that can plug into blockchain-based finance without leaving regulated fund wrappers. Invesco's filing says the fund will invest in liquid, high-quality, U.S. dollar-denominated assets that payment stablecoin issuers are permitted to hold under the GENIUS Act framework.

Ripple, The Company Behind XRP, Is Valued At $50 Billion

Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge

Blockchain Projects Decline 75% As Developers Shift To A.I.

Stanley Druckenmiller Says Stablecoins Could

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/crypto/articles/invesco-targets-stablecoin-reserves-tokenized-033000456.html)