Invesco enters tokenization race with $900M fund

Invesco, a major asset manager, is acquiring Superstate's $900 million tokenized U.S. Treasury fund, rebranding it as the Invesco Short Duration US Government Securities Fund. This move signifies Invesco's entry into the rapidly expanding tokenized asset market, joining giants like BlackRock and Franklin Templeton. The tokenized fund offers benefits such as near-instant settlements and 24/7 trading, appealing to institutional investors seeking efficiency. Superstate will continue to manage the technological infrastructure, while Invesco handles investment decisions, signaling a growing trend of traditional finance embracing blockchain technology for enhanced financial products.