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State Street debuts dedicated fund for stablecoin issuers under new US regulatory framework
The $121 million fund gives stablecoin issuers a dedicated, regulation-friendly vehicle for parking reserve assets in US Treasuries and cash equivalents
State Street Investment Management has launched a GENIUS Act-compliant money market fund designed specifically for stablecoin issuers, called the State Street Stablecoin Reserves Money Market Fund.
The product is designed under the regulatory framework introduced by the GENIUS Act in July 2025, which enables the use of regulated money market funds as stablecoin reserve assets.
Anchorage Digital and State Street Bank and Trust Company are among the first investors in the fund. Anchorage, a federally chartered crypto bank, is working alongside State Street to support institutional-grade infrastructure for stablecoin reserve management.
The companies said the initiative combines State Street’s long-standing expertise in cash and liquidity management with Anchorage’s regulated digital asset platform. They added that rapid growth in stablecoin issuance is expected to increase demand for secure, compliant reserve solutions across the financial system.