An SEC amendment filed on the 24th outlines a proposed fund that would invest in cash and short-term U.S. Treasury securities for stablecoin reserve management, with beneficial interests represented on a blockchain.
Invesco is planning a new money market fund aimed at managing stablecoin reserves, adding detail to its push into blockchain-based fund structures. An amendment filed with the U.S. Securities and Exchange Commission on the 24th shows the proposed vehicle would be called the Invesco Stablecoin Reserves Onchain Fund. The filing says the fund would invest in cash and short-term U.S. Treasury securities for stablecoin reserve management, and that beneficial interests in the fund would be tokenized on a blockchain, although Invesco has not yet decided which chain to use.