State Street has launched a stablecoin reserve money market fund, a clear sign that Wall Street is no longer treating digital dollars like a passing fad. State Street enters stablecoin reserve management Money market funds offer liquid, low-risk backing Traditional finance is building around crypto rails, not ignoring them State Street, one of the world’s […]
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State Street is launching a stablecoin reserve fund built for the new U.S. rulebook, signaling that traditional finance is moving fast to own the plumbing behind digital dollars. New product: State Street Stablecoin Reserves Money Market Fund Structure: Registered Rule 2a-7 government money market fund Regulatory driver: Designed for GENIUS Act stablecoin reserve requirements Backers: […]
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JPMorgan Chase has filed with the U.S. Securities and Exchange Commission for a blockchain-based money market fund that could be used by stablecoin issuers as reserve backing. Translation: Wall Street wants the efficiency of crypto rails, but it still wants to hold the steering wheel. JPMorgan filed an SEC application for a blockchain-based money market […]
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Morgan Stanley Quietly Launches Its First Fund Built Specifically for Stablecoin Issuers is quietly building the plumbing for the stablecoin economy, and that’s where the real money usually hides. New fund: Stablecoin Reserves Portfolio, ticker MSNXX Launch date: April 23, after an SEC filing on April 16 Purpose: A reserve vehicle for stablecoin issuers needing […]
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