Invesco has filed an application with the SEC to introduce the Invesco Stablecoin Reserves Onchain Fund, a money market fund targeting stablecoin reserves. The fund aims to maintain a $1 net asset value by investing in U.S. Treasury bonds, repurchase agreements, and cash equivalents. It will tokenize fund shares on public blockchains, with Superstate serving as a sub-transfer agent. This initiative is tailored for stablecoin issuers, enabling them to manage reserves compliantly while earning yields and ensuring daily liquidity.