State Street’s investment division has introduced the State Street Stablecoin Reserves Money Market Fund, designed specifically for stablecoin issuers.
The fund complies with the U.S. GENIUS Act, which came into effect in July 2025. This legislation regulates the use of money markets to support “stable coins.”
The initial investors in the fund include State Street Bank and Trust Company and crypto bank Anchorage Digital.
Ye-Sin Hung, head of State Street Investment Management, noted that the GENIUS Act has established clear rules for investing reserves. According to her, the new product combines the company’s cash management expertise with digital asset infrastructure.
Anchorage Digital emphasized that quality reserve management is crucial for transforming stablecoins into a foundational financial infrastructure.
Analysts predict that by 2030, the issuance of stablecoins will reach $1.9-4 trillion amid institutional adoption, increasing demand for transparent mechanisms through government money market funds.
In May, State Street and Galaxy launched the SWEEP fund, a tool for managing liquidity 24/7 using stablecoins.
