Invesco Dives into Blockchain with $900M Treasury Fund
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Invesco, a major U.S. asset manager, is entering the blockchain finance sector by acquiring Superstates tokenized U.S. Treasury fund, USTB, valued at over $900 million. The fund will be renamed and managed by Invescos global liquidity team, while Superstate handles the tech aspects. This move positions Invesco in the $12 billion tokenized Treasuries market, offering quicker settlements, clear reserve tracking, and 24/7 access through digital ownership records.
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