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

**CoinDesk: Invesco to Acquire Superstate’s Tokenized U.S. Treasury Fund** According to CoinDesk, U.S.-based asset management firm Invesco — which oversees $22 trillion in assets under management — will take over Superstate’s tokenized U.S. Treasury bond fund, marking a further push by large traditional asset managers into blockchain finance. The USTB fund holds short-term U.S. Treasury assets worth over $900 million, making it one of the largest tokenized U.S. Treasury bond funds in the space. This niche market is growing rapidly, with the goal of bringing money market funds onto the blockchain. The transition is expected to wrap up in the second quarter of 2026; at that point, the fund will be renamed the Invesco Short Duration U.S. Government Securities Fund, while retaining its original ticker and token structure. This move also signals Invesco’s official entry into the roughly $12 billion tokenized U.S. Treasury bond market, competing alongside global giants like BlackRock, Franklin Templeton, and Fidelity.