Invesco files for tokenized fund targeting stablecoin reserves

Global asset manager Invesco has filed an application with the U.S. Securities and Exchange Commission (SEC) for a tokenized fund designed to manage stablecoin reserves, CoinDesk reported. The proposed "Invesco Stablecoin Reserve Onchain Fund" will invest in cash and short-term government bonds. It is set to operate on a public blockchain in partnership with tokenization specialist Superstate. The move follows similar fund applications from other major financial institutions, including BlackRock, State Street, and ProShares.