Invesco giant files for tokenized fund, targeting the stablecoin market
- Asset management giant Invesco, with $2.5 trillion in assets under management, has filed for registration of a new tokenized fund.
- The fund is designed to target the stablecoin reserves market, indicating growing interest from traditional financial institutions in the crypto space.
- This move strengthens Invesco’s strategy to expand into blockchain, after it acquired Superstate’s tokenized money market fund earlier this year.
- The participation of large funds like Invesco in the tokenization market could help drive broader adoption of blockchain technology and digital assets.
#BinanceSquare #CryptoNews #Blockchain #Invesco #Stablecoin TokenizedAssets
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Source: CoinDesk
- Asset management giant Invesco, with $2.5 trillion in assets under management, has filed for registration of a new tokenized fund.
- The fund is designed to target the stablecoin reserves market, indicating growing interest from traditional financial institutions in the crypto space.
- This move strengthens Invesco’s strategy to expand into blockchain, after it acquired Superstate’s tokenized money market fund earlier this year.
- The participation of large funds like Invesco in the tokenization market could help drive broader adoption of blockchain technology and digital assets.
#BinanceSquare #CryptoNews #Blockchain #Invesco #Stablecoin TokenizedAssets
$btc $eth
vlikevn Titanbot
Source: CoinDesk