State Street, Anchorage Back Fund for Stablecoin Reserves
The government money market fund will invest in U.S. Treasury and repo assets as stablecoin reserve demand grows, State Street said.
- On Tuesday, State Street Investment Management introduced the State Street Stablecoin Reserves Money Market Fund, a government money market fund designed for stablecoin issuers compliant with the GENIUS Act.
- Signed into law on July 18, 2025, the GENIUS Act established the first federal regulatory framework for payment stablecoins in the United States, creating a new sector for financial firms to manage reserve assets.
- Structured as a Rule 2a-7 government money market fund, it invests in US Treasury bills and repurchase agreements while the broader stablecoin market has grown to approximately $315 billion.
- Initial investors include State Street Bank and Trust Company and Anchorage Digital, intensifying competition among TradFi firms racing to provide reserve management services for stablecoin issuers.
- State Street cited projections estimating global stablecoin issuance could reach between $1.9 trillion and $4 trillion by 2030 as asset managers position for this lucrative fee-generating market.
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18 Articles
State Street Launches GENIUS Act-Aligned Money Market Fund for Stablecoin Reserves
State Street Investment Management launched the State Street Stablecoin Reserves Money Market Fund on June 16, becoming the fourth major asset manager to offer a dedicated reserve vehicle for stablecoin issuers under the framework established by the GENIUS Act, which passed into US law in July 2025.The fund, ticker SSCXX, is structured as a Rule 2a-7 government money market fund and invests in US government securities and repurchase agreements –…
State Street Launches Stablecoin Reserve Fund Under GENIUS Act
Why Is State Street Targeting Stablecoin Reserves? State Street Investment Management has launched a money market fund designed for stablecoin issuers, giving digital asset firms a regulated vehicle for holding reserve assets under the framework created by the GENIUS Act. The fund is structured as a Rule 2a-7 government money market fund and will invest in assets commonly used to back payment stablecoins, including U.S. government securities and…
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