Invesco Applies for SEC Approval to Launch Stablecoin Reserves Fund on June 26

According to The Block, Invesco, with $2.45 trillion in assets under management, applied to the SEC on June 26 to launch the Invesco Stablecoin Reserves Onchain Fund. The fund will invest primarily in U.S. Treasury securities, repurchase agreements, and cash equivalents to maintain a $1 net asset value per share, with share tokenization facilitated through blockchain infrastructure provider Superstate on designated blockchains.
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