Invesco Assumes Control of Superstate’s $900M Tokenized Treasury Fund - Crypto Economy

robot
Abstract generation in progress

Invesco took over the management of Superstate‘s tokenized U.S. Treasury bond fund, known by its ticker USTB, which manages around $900 million in assets.

The transaction will strengthen Invesco, which already manages around $2.2 trillion, in the market for blockchain-based tokenized securities, where it already competes with giants such as BlackRock and Fidelity Investments.

The fund, which invests in short-term U.S. government securities, will be renamedInvesco Short Duration U.S. Government Securities Fund“, although it will retain the USTB ticker symbol. Superstate will continue to oversee the fund’s technological infrastructure, while the company will make daily investment decisions through its international liquidity team, which manages more than $200 billion in short-term assets.

The tokenized Treasuries market, which has reached $12 billion, is one of the fastest-growing segments within blockchain-based finance. Unlike traditional financial infrastructure, tokens can be settled almost instantaneously, maintaining transparent reserves and operating 24/7.

Source: https://www.invesco.com/us-rest/contentdetail?contentId=e17441a5-aca9-4e00-a063-8ca1f74afef3&dnsName=us&title=invesco-and-superstate-advance-institutional-tokenization-through-ustb-partnership


Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.

This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin