Superstate

The SEC’s new five-year exemption creates a clearer route for tokenized U.S. stocks that preserve full shareholder rights, while leaving synthetic stock tokens outside the framework. The move could benefit tokenization firms, qualifying custodial models and regulated DeFi venues, though access controls and issuer objections may slow adoption.

Invesco has filed with the SEC to launch a tokenized vehicle designed to hold cash and short-term U.S. Treasuries for stablecoin reserves. The move intensifies a growing race among major asset managers to capture a share of the fast-expanding stablecoin market.