Invesco, with over $2T in AUM, will become the first TradFi asset manager to use Superstate’s digital transfer agent infra.
Invesco, one of the world’s largest asset managers with $2.2 trillion in assets under management, will become the investment manager of Superstate’s flagship tokenized U.S. Treasuries fund USTB, the two firms announced Tuesday, March 24.
Under the arrangement, Invesco’s Global Liquidity team — which manages over $200 billion in money market and short-duration assets — will take over day-to-day portfolio management of USTB, while Superstate continues to run the fund’s on-chain infrastructure, including blockchain-based settlement and digital transfer agency services.
Invesco will be the first asset manager to use Superstate’s digital transfer agent rails, per the release. The transition is expected to close in Q2 2026, after which the fund will be renamed the Invesco Short Duration US Government Securities Fund while keeping the USTB ticker, smart contracts, and token address.
USTB, which launched in February 2024, has grown from a proof-of-concept into the sixth largest tokenized treasury product globally, per data from RWAxyz, with over $794 million in total value. The fund directly holds U.S. government securities, with assets tokenized across Ethereum, Solana and Plume, though the vast majority of value is on Ethereum.
The Invesco deal reflects a broader pattern of traditional finance partnership with blockchain native firms like Superstate, rather than building on-chain infrastructure itself. Robert Leshner, Superstate’s CEO and the founder of Compound, called the arrangement “the blueprint for how funds and ETFs will come onchain.”
Superstate expanded beyond tokenized treasuries into tokenized stocks with the launch of its Opening Bell platform last May. More recently, the firm announced direct on-chain equity issuance, enabling SEC-registered public companies to issue new shares directly on Ethereum and Solana.
For Invesco, the deal represents the payoff of a multi-year digital assets buildout the firm says dates back to 2019.
Also today, in similar partnership between a TradFi giant and a major tokenization player, the NYSE named Securitize as its first digital transfer agent to mint blockchain-native stocks and ETFs on its upcoming Digital Trading Platform.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
Source: https://thedefiant.io/news/tradfi-and-fintech/invesco-takes-over-superstate-ustb-fund
