Invesco to Take Over Superstate’s $900 Million Tokenized Treasury Fund USTB
According to the latest announcement, Invesco Advisors has now been officially appointed manager of Superstate’s USTB, which has about $1 billion in assets and more than 150 institutional investors.
Invesco Advisors has been officially appointed manager of Superstate’s tokenized short-duration U.S. Treasury fund USTB, according to an announcement made on the 24th. The latest update values the fund at about $1 billion in assets and says more than 150 institutional investors participate in it. Earlier reporting said Invesco would take over the fund, which had also been described as worth roughly $900 million and later $967 million, while retaining the USTB ticker and tokenized structure. The new appointment marks a shift from a planned transition to a confirmed management change for one of the larger tokenized U.S. Treasury products.
- Tokenized short-duration U.S. Treasury fund: A fund holding short-term U.S. government securities whose ownership and operations are represented through blockchain-based tokens.
- USTB: Superstate’s tokenized U.S. Treasury fund, now officially managed by Invesco Advisors according to the latest announcement.
- Tokenized structure: A framework in which fund interests or related records are issued or maintained using blockchain-based digital tokens.