Invesco Files Stablecoin Reserves Money Market Fund With SEC

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On June 24, Invesco submitted an amended filing to the Securities and Exchange Commission requesting approval for the Invesco Stablecoin Reserves Onchain Fund. The product is expected to become effective about 60 days after filing. The fund targets stablecoin issuers requiring compliant reserves, daily liquidity, and yield, investing primarily in U.S. Treasuries, repo agreements, and cash equivalents while maintaining a $1 net asset value. Tokenized shares will be recorded on public blockchains through Superstate, which will serve as sub-transfer agent. Invesco joins BlackRock, Morgan Stanley, BNY, JPMorgan, Goldman Sachs, and State Street in launching stablecoin reserve-focused money market funds.
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