Invesco to Manage Superstate’s $967M USTB Fund by 2026

TLDR

• Invesco will assume portfolio management of Superstate’s USTB tokenized fund in the second quarter of 2026.
• USTB manages approximately $967 million in assets and invests in short-term U.S. Treasury Bills.
• The fund will continue operating on Superstate’s blockchain infrastructure after the transition.
• Invesco’s Global Liquidity team, which manages about $219 billion, will oversee daily investment decisions.
• After the transition, USTB will be renamed the Invesco Short Duration US Government Securities Fund.
• The fund will retain its existing ticker, smart contracts, and token address.

Invesco will assume portfolio management of Superstate’s USTB tokenized fund in the second quarter of 2026. The fund holds about $967 million in assets and invests in short-term U.S. Treasury Bills. Superstate will retain its blockchain infrastructure while Invesco’s liquidity team directs daily management.

Invesco and Tokenized Fund Transition Plan

Invesco will take over portfolio oversight of USTB under a new agreement with Superstate. The transition will conclude in the second quarter of 2026.

The fund will continue operating on Superstate’s blockchain infrastructure. However, Invesco’s Global Liquidity team will manage daily investment decisions.

That team currently manages about $219 billion across money market and short-duration products. As a result, Invesco will integrate USTB into its broader liquidity platform.

Once completed, the fund will adopt the name Invesco Short Duration US Government Securities Fund. It will retain its existing ticker, smart contracts, and token address.

USTB provides exposure to short-term U.S. Treasury Bills. It targets stable income, liquidity, and returns near the federal funds rate.

Superstate launched USTB in early 2024. Since then, the fund has grown to approximately $967 million in assets.

Superstate CEO Robert Leshner confirmed the strategic shift. He said, “Our collaboration with Invesco marks the first time an independent asset manager has leveraged Superstate’s tokenization infrastructure.”

He added, “This is the blueprint for how funds and ETFs will come onchain.” His statement outlined the operational framework behind the agreement.

Market Growth and Regulatory Developments

Tokenized real-world assets have exceeded $26 billion, according to RWA.xyz data. Within that segment, tokenized U.S. Treasuries account for roughly $12 billion.

Major firms have entered this market in recent years. BlackRock, Franklin Templeton, and JPMorgan have launched tokenized Treasury products.

Analysts project the broader tokenized asset market could reach $20–30 billion by 2026. These projections reflect continued demand for yield-bearing digital instruments.

In March, the SEC and CFTC issued a joint token taxonomy framework. The guidance clarified how digital securities fit under existing federal laws.

The framework provided clearer classifications for tokenized securities. That update addressed compliance concerns for large institutions.

Kathleen Wrynn leads digital assets at Invesco. She said the firm has built capabilities to support institutional-grade digital asset products.

She stated, “We have been strategically building the capabilities required to support institutional-grade digital asset products.” Her comments confirmed Invesco’s preparation for this transition.

Superstate raised $82.5 million in a Series B round in January. That round pushed its total capital raised past $100 million.

Since launching USTB, Superstate has onboarded more than 150 institutional investors. The company has processed billions of dollars in transactions through the fund.

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