The tokenized US Treasury market has crossed $12 billion, up from under $100 million two years ago. Invesco is now taking over management of Superstates tokenized Treasury product, which holds short-term government securities and manages over $900 million. The transition should close in Q2 2026. Meanwhile, an EY survey shows 77% of institutional investors are actively exploring tokenized assets, with average portfolio allocations at 5.6%.
This is the quiet infrastructure buildout underneath the crypto headlines. Traditional asset managers are embedding blockchain rails into conventional fixed-income products. Not as an experiment anymore. As standard operating procedure.