Invesco, the asset manager with $2.45 trillion under management, filed with the U.S. Securities and Exchange Commission to launch a money market fund whose shares are recorded as tokens on public blockchains and that is designed to hold the reserves backing payment stablecoins.

Invesco, the asset manager with $2.45 trillion under management, filed with the U.S. Securities and Exchange Commission to launch a money market fund whose shares are recorded as…

The fund will invest primarily in U.S. Treasuries, repo agreements, and cash equivalents to maintain a stable $1 net asset value.