Invesco Takes Over Management of Superstate’s Tokenized USTB Fund

Superstate’s USTB is a fund that tokenizes interests in U.S. Treasury investments and uses blockchain to record holdings and transactions. Bringing in global asset manager Invesco reflects the accelerating push by traditional financial institutions into tokenized securities and the real-world asset (RWA) market.

Superstate has appointed Invesco as USTB’s external investment manager, responsible for day-to-day portfolio management, while Superstate will continue to oversee the on-chain technology infrastructure. The fund currently has about $950 million in assets under management. The two companies expect to complete the integration by mid-2026, when USTB will also be renamed.