Invesco Short Duration US Government Securities Fund
Tokenized private fund (formerly the Superstate Short Duration US Government Securities Fund) that holds short-term US Treasury bills. Interest accrues into a rising NAV per share, which started at $10.
Counterparties
Which offchain companies could fail, even if the asset is fine?
Independent, regulated custodian and administrator, a recognized auditor, and no single point of failure.
Independent, regulated custodian: The Bank of New York Mellon (Federal Reserve and NYDFS).
Independent, regulated fund administrator: NAV Fund Services (NAV Consulting, Inc.) (CIMA).
Audited by PwC, a Big Four firm.
Settles by USD wire, USDC.
- Transfer agent: Superstate (issuer's group).
- Investment manager: Invesco Advisers, Inc..
- Transfer agent: Superstate Services LLC.
Service providers
Who holds, values, audits and registers the assets, and whether they answer to a regulator.
| Role | Firm | Independent of issuer | Regulated |
|---|---|---|---|
| Custodian | The Bank of New York Mellon | Yes | Yes, Federal Reserve and NYDFS |
| Fund administrator | NAV Fund Services (NAV Consulting, Inc.) | Yes | Yes, CIMA |
| Auditor | PwC | Yes | Big Four |
| Transfer agent | Superstate | Issuer's group | Not recorded |
Settlement rails
How subscription and redemption money moves. One rail is a single point of failure.
Other parties holders depend on
- Investment manager: Invesco Advisers, Inc.
- Transfer agent: Superstate Services LLC