Invesco (IVZ), a $2.2 trillion asset manager, joins BlackRock and peers in tokenized fund push
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11 Articles
Invesco (IVZ), a $2.2 trillion asset manager, joins BlackRock and peers in tokenized fund push
The $2.2 trillion asset manager is stepping into the rapidly-growing tokenized Treasury market, joining global financial behemoths like BlackRock and Franklin Templeton.
Invesco Takes Over Management of Superstate's $967M Tokenized Treasury Fund
Invesco has agreed to become the investment manager of Superstate's tokenized US Treasury fund USTB, the companies announced Tuesday, in an arrangement that hands day-to-day portfolio management of a nearly $1 billion onchain fund to one of the world's largest asset managers while leaving the blockchain infrastructure in the hands of its creator.Under the arrangement, Invesco Advisers will take over portfolio management of USTB — currently sitti…
Invesco took over the management of Superstate’s Tokenized US Treasury bond fund, known for its USTB ticker, which manages some $900 million in assets. The operation will strengthen Invesco, which already manages some $2.2 billion, in the blockchain-based tokenized stock market, where it already competes with giants such as BlackRock and Fidelity Investments. The fund, which invests in short-term US government bonds, will be renamed “Investco Sh…
The company will take over the management of the USTB fund, which is based on US Treasury bonds. Read more
Invesco to take leadership of Superstate's $900 million USTB tokenized fund
Invesco's leadership in tokenized funds could accelerate institutional adoption of blockchain, reshaping asset management and digital finance. The post Invesco to take leadership of Superstate’s $900 million USTB tokenized fund appeared first on Crypto Briefing.
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