✅ Invesco to Manage Superstate On-Chain Government Bond Fund USTB 🔍 Key Details • Structure in which Invesco Advisers serve as the investment managers for the Superstate Short Duration US Government Securities Fund (USTB). • Division of roles: USTB will operate on Superstate's tokenized infrastructure as before, while Invesco will handle day-to-day portfolio management. • The transition is scheduled to be completed in the second quarter of 2026. Afterward, the fund name will change to Invesco Short Duration US Government Securities Fund, but the USTB ticker, smart contract, and token address will be maintained. ✅ Background • With total assets under management of $2.2 trillion, Invesco is making a full-scale entry into the tokenized government bond market through this collaboration. • USTB is Superstate's first tokenized fund, launched in early 2024. It has onboarded over 150 institutional investors, with cumulative transaction volume reaching billions of dollars. • Through this structure, Invesco is the first to utilize Superstate's digital transfer agency infrastructure. Becoming an Asset Management Company ❓ Significance • This is not merely a simple investment announcement; it represents a concrete trend of role separation where Superstate maintains the existing on-chain fund infrastructure, while traditional asset managers focus solely on asset management. • With Invesco joining BlackRock, Franklin Templeton, and others, competition among traditional financial institutions within the tokenized U.S. Treasury market is becoming more pronounced. • This is one example of tokenized funds evolving beyond a simple experimental stage into a structure where existing asset managers and crypto infrastructure companies collaborate. ✅ Key Point • The key point is that Invesco is not creating a new fund from scratch, but rather entering the market by taking over Superstate's already established USTB. • From an institutional perspective, this appears to be a signal that the tokenized asset market is moving beyond a pilot phase to a stage of advanced operational and distribution structures. ✍️ As U.S. asset management firm Invesco has agreed to manage the investment of Superstate's tokenized U.S. Treasury short-term fund (USTB), the trend of traditional asset managers entering the on-chain Treasury market is accelerating. 🔸 Original Text #Invesco