Invesco to Take Over Management of Superstate’s Tokenized USTB Treasury Fund

IVZ
March 24, 2026

Invesco Ltd. will assume day‑to‑day portfolio management of Superstate’s tokenized short‑duration U.S. Treasury fund, the USTB, with the transition slated for the second quarter of 2026. Upon completion, the fund will be renamed the Invesco Short Duration U.S. Government Securities Fund while keeping the USTB ticker and existing smart‑contract framework.

The USTB is a private Section 3c7 tokenized money‑market fund that invests exclusively in short‑term U.S. Treasury bills. As of March 20 2026, its assets under management were approximately $967 million, and it has attracted more than 150 institutional investors. The fund’s on‑chain infrastructure and transfer‑agency services will remain under Superstate’s control.

Invesco’s Global Liquidity team—responsible for more than $200 billion in assets—will oversee the fund’s day‑to‑day operations. This move is part of Invesco’s broader digital‑asset strategy, which has been under development since 2019, and marks the firm’s first blockchain‑linked private fund in the United States.

Superstate will continue to provide the on‑chain infrastructure and transfer‑agency services that underpin the USTB. The company’s CEO has said that the partnership demonstrates how tokenization can enhance efficiency and access for short‑duration government exposure, positioning the platform as a blueprint for future on‑chain funds.

Strategically, the partnership places Invesco among the top five tokenized U.S. Treasury funds, competing with BlackRock’s BUIDL, Circle’s USYC, and WisdomTree’s WTGXX. It also signals a broader industry shift toward tokenized real‑world assets, as demand for blockchain‑based yield and regulatory compliance grows. With Invesco’s $2.2 trillion in assets under management, the addition of a $967 million tokenized fund underscores the firm’s confidence in scaling digital‑asset offerings and expanding its presence in the growing tokenized treasury market.

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