JPMorgan Enters Tokenization Race, Takes Over $9 Billion On-Chain Superstate Fund USTB

BlockBeats News, March 24th, according to CoinDesk, Invesco is a US-based asset management company with $22 trillion in assets under management. The company will take over Superstate's tokenized US Treasury bond fund, marking a further entry of large traditional asset managers into the blockchain finance space.

The USTB fund holds short-term US Treasury assets with a scale of over $900 million, making it one of the largest in the tokenized US Treasury bond fund market. This niche market is rapidly growing, aiming to bring money market funds onto the blockchain track. The transition is expected to be completed in the second quarter of 2026, at which time the fund will be renamed the Invesco Short Duration US Government Securities Fund, while retaining its original ticker and token structure.

This move also marks Invesco's official entry into the approximately $12 billion tokenized US Treasury bond market, competing with global asset management giants such as BlackRock, Franklin Templeton, and Fidelity.