BNY's Stablecoin Fund Connects Conventional Finance with Around-the-Clock Digital Markets

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

. Rather than investing directly in stablecoins, the fund is designed to meet the rising need for safe, short-term assets to support U.S. dollar-pegged tokens as the sector grows .

, the GENIUS Act requires stablecoin issuers to back their tokens with highly secure, short-term securities maturing in 93 days or less. BNY’s new offering is structured to help issuers adhere to these federal standards while also earning yields on their reserves. Stephanie Pierce, Deputy Head of BNY Investments, highlighted the fund’s significance for digital assets: "Cash forms the foundation of the digital asset landscape, supporting the evolution of global capital markets toward continuous, round-the-clock operations" .

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

. Anchorage’s participation also highlights the increasing institutional engagement in stablecoin networks, especially as it partners with leading entities such as to create .

Industry forecasts indicate

by 2030, fueled by clearer regulations and greater client uptake. As of November 2025, stablecoin reserves stood at $305 billion, having , with some analysts projecting the market could reach as much as $4 trillion in optimistic scenarios. Nevertheless, the industry is under scrutiny for liquidity concerns, with the Bank Policy Institute cautioning that stablecoins may introduce systemic risks during periods of financial stress .

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

. The debut of BSRXX further solidifies its leadership in digital finance, utilizing its Liquidity Direct platform to deliver customized offerings for stablecoin issuers. With under custody and administration, BNY is strategically positioned to benefit from the sector’s expansion while managing regulatory and operational complexities.