The BNY Dreyfus Stablecoin Reserves Fund is designed to enable U.S. stablecoin issuers and other qualified institutional investors—acting for themselves or in fiduciary, advisory, agency, brokerage, custodial, or similar capacities—to securely hold stablecoin reserves. The fund’s sole purpose is to hold reserves for stablecoins issued under the Guiding and Establishing National Innovation for U.S. Stablecoins (“GENIUS”) Act. Importantly, the fund itself does not invest directly in stablecoins.

The stablecoin market is expected to experience significant growth over the next three to five years, driven by the GENIUS Act, which introduces a comprehensive regulatory framework for U.S. stablecoin issuers, as well as by increasing client adoption. Market analysis suggests that the stablecoin market could reach $1.5 trillion by 2030.

“Cash is the cornerstone of the digital asset ecosystem, enabling global capital markets to move toward an always-on, 24/7 environment,” said Stephanie Pierce, Deputy Head of BNY Investments. “Stablecoins are at the forefront of this profound transformation, and we are proud to provide our liquidity leadership and expertise to stablecoin issuers with the launch of the BNY Dreyfus Stablecoin Reserves Fund.”

As part of the fund’s launch, BNY has secured an initial investment from Anchorage Digital—a global cryptocurrency platform that enables institutions to transact in digital assets. Anchorage Digital is recognized as the first federally chartered crypto bank in the U.S.

“Anchorage Digital is proud to provide the initial investment for this important initiative,” stated Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “BNY’s leadership in liquidity and the GENIUS Act framework together mark a new chapter for stablecoin infrastructure in the U.S. As the first federally chartered crypto bank, we see efforts like this as essential to bridging the trust, transparency, and regulatory rigor that will define the next era of digital finance.”

BNY Investments Dreyfus is the affiliated liquidity solutions provider of BNY and serves as the flagship offering on BNY’s industry-leading Liquidity Direct platform. As a top 10 U.S. money market fund sponsor, BNY Investments Dreyfus supports stablecoin issuers by providing regulated money market funds as eligible reserves.

Enacted in July 2025, the GENIUS Act establishes a federal regulatory framework for U.S. stablecoins and specifies eligible assets that stablecoin issuers may hold in reserve. The BNY Dreyfus Stablecoin Reserves Fund, as a government money market fund, enables U.S. stablecoin issuers to securely maintain their reserves in compliance with this new legislation.

A recognized leader in digital assets, BNY provides fund services for over 80% of digital asset exchange-traded products (ETPs) in the U.S., Canada, and EMEA, and delivers fund administration and custody for more than 50% of tokenized fund assets globally.

*Source: BNY*
https://www.marketsmedia.com/bny-launches-stablecoin-reserve-fund/