State Street’s investment division has introduced the State Street Stablecoin Reserves Money Market Fund. The product was designed specifically for stablecoin issuers.

The fund complies with the requirements of the US GENIUS Act, which took effect in July 2025. The statute regulates the use of money markets to back “stablecoins.” 

The first investors in the vehicle were State Street Bank and Trust Company and the crypto bank Anchorage Digital.

State Street Investment Management head Yie-Hsin Hung noted that the GENIUS Act has established clear rules for investing reserves. According to her, the new product combines the company’s expertise in cash management with digital asset infrastructure.

Anchorage Digital stressed that the quality of reserve management is critically important for turning stablecoins into core financial infrastructure.

According to analysts’ forecasts, the volume of stablecoin issuance will reach $1.9-4 trillion by 2030 amid institutional adoption. This will increase demand for transparent backing mechanisms through government money market funds.

As a reminder, in May State Street and Galaxy launched the SWEEP fund — a tool for managing liquidity 24/7 using stablecoins.

Source: ForkLog