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

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

Bitget-RWA2025/11/13 14:36

By:Bitget-RWA

- 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 GENIUS Act

. 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

according to Bloomberg

Enacted in July 2025

, 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"

according to BNY

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

according to BNY

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

Tether

to create

GENIUS Act-compliant tokens

Industry forecasts indicate

the stablecoin market could surge to $1.5 trillion

by 2030, fueled by clearer regulations and greater client uptake. As of November 2025, stablecoin reserves stood at $305 billion, having

climbed 68.5% since the start of the year

, 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

according to Bloomberg

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

according to BNY

. The debut of BSRXX further solidifies its leadership in digital finance, utilizing its Liquidity Direct platform to deliver customized offerings for stablecoin issuers. With

more than $57.8 trillion in assets

under custody and administration, BNY is strategically positioned to benefit from the sector’s expansion while managing regulatory and operational complexities.

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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