Invesco Assumes Management of Superstate’s $967M Tokenized Treasury Fund

Invesco has struck a deal to take over portfolio management of Superstate's tokenized U.S. Treasury fund (USTB), a $967 million vehicle ranking among the top five globally for tokenized government securities. The transition, slated for completion by Q2 2026, will see the fund rebranded as the Invesco Short Duration US Government Securities Fund while retaining its blockchain infrastructure and USTB ticker.

The arrangement marks a strategic pivot for Invesco—rather than building its own tokenized product like BlackRock's BUIDL or Franklin Templeton's BENJI, the asset management giant is inheriting an operational fund with 150+ institutional clients. Superstate maintains control over the fund's on-chain mechanics, including tokenization and settlement, while Invesco brings its fixed-income expertise to portfolio management.

This partnership underscores growing institutional demand for blockchain-based Treasury products, with USTB's near-billion-dollar AUM reflecting accelerating adoption. The deal also positions Invesco as the first major asset manager to leverage Superstate's digital transfer agent infrastructure—a notable endorsement of the startup's technical framework.