Asset manager Invesco announced today, March 24, 2026, that it will take over the tokenized fund Superstate Short Duration US Government Securities Fund (USTB).
This operation marks the firm’s formal entry into real-world asset tokenization (RWA), specifically in the tokenized US Treasury bond market, using cryptocurrency networks that allow for near-instant settlements and 24/7 access.
The fund, which operates on Ethereum, Solana and Plume Network, has 967 million dollars in assets under management. It invests primarily in U.S. Treasury bonds and, to a lesser extent, in government agency securities and repos (repurchase agreements). The incorporation of this financial vehicle responds to long-term planning by the manager.
Kathleen Wrynn, global head of digital assets at Invesco, declared that “Invesco has been strategically developing the capabilities necessary to support institutional-grade digital asset products.”
The fund will maintain its essence but will change its name
Under this new scheme, USTB tokenized fund will maintain its structure and strategy under the Invesco brand. For its part, Superstate, a financial infrastructure firm specializing in RWA, will continue to operate the fund’s on-chain infrastructure, including token issuance, cryptocurrency network-based settlement and digital transfer agency services, while expanding integrations with decentralized finance (DeFi).
Under the terms of the agreement, this includes issuing fund units in the form of tokens, settling transactions on the blockchain and maintaining a digital transfer agent system.
Once the transition is complete, scheduled for the second quarter of 2026, USTB will be renamed Invesco Short Duration US Government Securities Fund. The product will keep the same symbol (or ticker) stock market, while its token structure and technological support infrastructure will remain unchanged during the change of administration.
Growth of real-world tokenized assets
Invesco’s foray comes during a period of expansion for real-world assets on cryptocurrency networks. According to the RWA.xyz platform, these instruments reach 26 billion of dollars, of which tokenized US Treasury bonds represent 12 billion of dollars.
This environment has motivated firms such as BlackRock and Franklin Templeton to actively use this technology as infrastructure for their investment funds.
In the case of BlackRock, it manages the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on the Ethereum network, which invests in United States Treasury securities to offer returns in dollars, as reported by CriptoNoticias. For his part, Franklin Templeton manages the OnChain US Government Money Fund (FOBXX), a product that operates on networks such as Stellar, Polygon, Arbitrum and Solana, specializing in Treasury bonds and repurchase agreements.