One of the largest US investment firms, Invesco, has taken a major step toward tokenization of real assets by submitting a formal application to the US Securities and Exchange Commission. The regulator has been asked to approve the creation of an oncheen fund for generating and storing stablecoin reserves.

The new financial instrument called the Invesco Stablecoin Reserves Onchain Fund will channel investors' funds into cash dollars and short-term US Treasury bonds. The project’s technical infrastructure will be provided by Superstate, which will take over the maintenance of a shareholder register integrated with blockchain technology.

This move highlights traditional financial giants' growing interest in the tokenized asset sector, and demonstrates Stablecoin issuers' desire to diversify their reserves with transparent, liquid, and regulated onshore instruments.