Asset management giant Invesco plans to launch a tokenized stablecoin reserve fund.

Jinse Finance reports that on June 26, asset management giant Invesco is planning to launch a new money market fund designed for stablecoin reserves. According to its amended filing submitted to the U.S. SEC, Invesco intends to add the "Invesco Stablecoin Reserves Onchain Fund" to its Short-Term Investments Trust product portfolio.

The fund has not yet disclosed its ticker symbol and primarily invests in high-quality short-term assets, including U.S. Treasury bonds, repurchase agreements, and cash equivalents, with the goal of maintaining a stable net asset value of $1 per share and providing daily liquidity.

Designed for stablecoin issuers, the product allows them to hold compliant reserves under the GENIUS Act reserve framework while generating returns. As of May 31, Invesco managed approximately $2.45 trillion in assets.

The fund will also introduce blockchain infrastructure company Superstate as a sub-transfer agent for tokenized shares, recording fund shares on a designated public blockchain yet to be disclosed. Recently, multiple Wall Street institutions such as State Street have also launched similar products, indicating that traditional asset management giants are accelerating their competition for stablecoin reserves and the tokenized money market fund market.