$2.2T asset manager Invesco enters tokenized treasury market

Global asset manager Invesco, which oversees $2.2 trillion, is entering the tokenized treasury market, CoinDesk reported. The firm will take over the management of crypto asset manager Superstate's $900 million tokenized treasury fund, USTB, marking a deeper push into blockchain-based finance. Following Invesco's involvement, the USTB fund will be renamed the 'Invesco Short Duration US Government Securities Fund' but will retain its ticker. Invesco's global liquidity team, which manages over $200 billion in short-term assets, will lead the fund's investment decisions.