BNY's Stablecoin Fund Connects Conventional Finance with Around-the-Clock Digital Markets
- BNY Mellon launches BSRXX, a regulated fund enabling stablecoin issuers to hold GENIUS Act-compliant reserves without direct stablecoin investments. - The fund supports 24/7 digital markets by providing ultra-safe, short-term liquidity under federal requirements for stablecoin backing. - Anchorage Digital's participation highlights growing institutional adoption, with stablecoin reserves projected to reach $1.5 trillion by 2030. - BNY's $57.8T custody expertise positions it as a key infrastructure provid
BNY Unveils Stablecoin Reserves Fund to Strengthen Institutional Liquidity Framework
The Bank of New York Mellon Corp. (NYSE: BK) has rolled out the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a government money market fund crafted to facilitate institutional integration of digital assets. This fund offers a regulated option for stablecoin issuers to store reserves in compliance with
The fund’s first investment comes from Anchorage Digital, the nation’s first federally chartered crypto bank. Nathan McCauley, Anchorage Digital’s Co-Founder and CEO, described the launch as marking a "new era for stablecoin infrastructure in the U.S.," stressing the value of regulatory discipline and openness in connecting traditional finance with digital assets
Industry forecasts indicate
BNY, a frontrunner in digital asset solutions, oversees more than 80% of U.S. digital asset ETFs and safeguards over half of the world’s tokenized fund assets
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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