State Street, a major asset manager, has launched a new money market fund for stablecoin issuers. It is one of the first big traditional financial firms to offer a product that fits the rules set by the GENIUS Act. The fund is meant to help stablecoin issuers meet reserve rules while keeping liquidity and staying compliant.
The new State Street Stablecoin Reserves Money Market Fund is set up as a registered Rule 2a-7 government money market fund. It gives stablecoin issuers a safe place to keep reserves, following the rules of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act.
State Street Bank and Anchorage Digital are early backers of the fund. Company leaders see the legislation as a big step for regulated stablecoin infrastructure.
CEO Yie-Hsin Hung said the GENIUS Act gives a clear framework for managing reserves, and Anchorage Digital pointed out that high-quality reserves are becoming more important as stablecoins are used more in financial markets.
This launch follows similar moves by big firms like JPMorgan and BlackRock, which have also created products to connect traditional finance with blockchain settlement. State Street recently started an on-chain liquidity fund to allow 24/7 cash management.
Experts predict stablecoins could become a multi-trillion-dollar market by the end of the decade. As rules become clearer and institutions look for compliant solutions, products like State Street’s reserve fund could be key to the next stage of digital dollar growth.
LATEST: 🏦 State Street launched a money market fund designed to meet GENIUS Act compliance requirements for stablecoin issuers looking for qualified reserve assets. pic.twitter.com/D7917ODMZz
— CoinMarketCap (@CoinMarketCap) June 16, 2026
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