Invesco plans a tokenized fund for stablecoin issuers.
Invesco has officially filed an application to the SEC to gain approval for a tokenized money market fund. This will be coordinated in partnership with Superstate and aimed towards stablecoin issuers for payment stablecoins under the Genius Act.
Invesco is not the first to do this; in the last 12 months, several prominent investment and asset managers have already filed for the same including BlackRock, J.P. Morgan, State Street, BNY Mellon, Federated Hermes, and others.
Also, the breakdown of applicable reserve assets generally falls in line with the rest of the tokenized money market funds outlined.
Although the Clarity Act is still stalling its way through the U.S. Senate, the institutional landscape for the use-cases of stablecoins and tokenization has changed significantly, with a more supportive and optimistic view about the underlying technology.
