Trillion-dollar asset manager Invesco looks to plant a flag in tokenized stablecoin reserve sector
The Block·
60-second summary
Invesco, a trillion-dollar asset manager, is entering the tokenized stablecoin reserve sector with a new fund that will invest primarily in U.S. Treasuries, repo agreements, and cash equivalents to maintain a stable $1 net asset value, aiming to provide a secure and stable store of value for investors, potentially attracting more institutional investors to the cryptocurrency market.
The fund will invest primarily in U.S. Treasuries, repo agreements, and cash equivalents to maintain a stable $1 net asset value.