BNY launches stablecoin reserves fund 14 November 2025US Reporter: Tahlia Kraefft
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BNY has announced the launch of the BNY Dreyfus Stablecoin Reserves Fund, a money market fund created to support institutional adoption of digital assets in the liquidity space.
The fund is intended to enable US stablecoin issuers and other qualified institutional investors acting for themselves or in a fiduciary, advisory, agency, brokerage, custodial, or similar capacity.
The fund is designed to hold the reserves for stablecoins to be issued under the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act.
The fund does not invest in stablecoins.
As part of the launch, the fund has secured an initial investment from Anchorage Digital, a global cryptocurrency platform that enables institutions to transact in digital assets.
Stephanie Pierce, deputy head of BNY Investments, comments: “Cash is the cornerstone of the digital asset ecosystem, enabling global capital markets to move toward an always-on, 24/7 environment.
“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."
Nathan McCauley, co-founder and CEO of Anchorage Digital, adds: "Anchorage Digital is proud to provide the initial investment for this important initiative. BNY's leadership in liquidity and the GENIUS Act framework together mark a new chapter for stablecoin infrastructure in the US.
“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."
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