{"id":74117,"date":"2026-06-16T15:22:42","date_gmt":"2026-06-16T15:22:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/state-street-enters-stablecoin-reserve-race-joins-blackrock-and-goldman-with-new-genius-act-fund-bitcoin-news\/"},"modified":"2026-06-16T15:22:42","modified_gmt":"2026-06-16T15:22:42","slug":"state-street-enters-stablecoin-reserve-race-joins-blackrock-and-goldman-with-new-genius-act-fund-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/state-street-enters-stablecoin-reserve-race-joins-blackrock-and-goldman-with-new-genius-act-fund-bitcoin-news\/","title":{"rendered":"State Street Enters Stablecoin Reserve Race, Joins Blackrock and Goldman With New Genius Act Fund \u2013 Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">State Street launched the SSCXX money market fund on June 8, 2026, with $121M in early AUM and a 3.51% yield.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The GENIUS Act, signed July 2025, created the federal reserve framework that made this product category possible for stablecoin issuers.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Anchorage Digital joined as a seed investor, pairing its federally chartered crypto bank infrastructure with State Street\u2019s cash management platform.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Fund Basics<\/h2>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/report-boston-based-tradfi-giant-state-street-to-roll-out-tokenized-products\/\">State Street<\/a> <span>Stablecoin<\/span> Reserves Money Market Fund operates under SEC Rule 2a-7 and holds only assets eligible under the GENIUS Act: short-term U.S. Treasuries maturing in 93 days or less, overnight repurchase agreements collateralized by those Treasuries, and cash. It targets a stable $1.00 net asset value and currently carries a 3-day weighted average maturity, well below the 60-day regulatory maximum.<\/p>\n<p>According to the financial giant\u2019s <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260616819402\/en\/State-Street-Investment-Management-Accelerates-Digital-and-Tokenization-Innovation-with-Launch-of-State-Street-Stablecoin-Reserves-Money-Market-Fund\" target=\"_blank\" rel=\"noopener noreferrer\">release<\/a>, the fund launched with approximately $121 million in assets under management. It yields roughly 3.51% and charges a 0.18% net expense ratio on the Capital Class (ticker: SSCXX). The minimum investment for that share class is $15 million.<\/p>\n<h2>Why It Exists<\/h2>\n<p>The GENIUS Act, signed into law in July 2025, established the first comprehensive federal framework for payment <span>stablecoins<\/span> in the United States. It requires issuers to back outstanding <span>stablecoins<\/span> one-to-one with high-quality liquid assets and explicitly permits registered 1940 Act money market funds to serve as qualifying reserve vehicles.<\/p>\n<p>That regulatory clarity opened the door for firms like State Street to design products purpose-built for <span>stablecoin<\/span> issuers, which need reserve assets that are safe, liquid, and compliant.<\/p>\n<h2>Market Context<\/h2>\n<p>The <span>stablecoin<\/span> market sits at approximately $300 to $315 billion in total market capitalization as of mid-June 2026. Tether holds roughly $186 to $188 billion of that figure, while USDC accounts for about $75 billion. Together, the two dominate roughly 85 to 90% of the market.<\/p>\n<p>Projections from the Citi Institute put global <span>stablecoin<\/span> issuance between $1.9 trillion and $4 trillion by 2030, a figure State Street cited in its launch announcement.<\/p>\n<h2>Key Partnerships<\/h2>\n<p>State Street Bank and Trust Company and Anchorage Digital serve as seed investors. Anchorage Digital holds the first federally chartered <span>crypto<\/span> bank license in the United States and offers <span>stablecoin<\/span> issuance, custody, and settlement infrastructure to institutions.<\/p>\n<p>\u201c <span>Stablecoins<\/span> are quickly becoming core financial infrastructure, making the quality and management of their reserves critically important,\u201d said Nathan McCauley, co-founder and CEO of Anchorage Digital.<\/p>\n<p>Yie-Hsin Hung, president and CEO of State Street Investment Management, pointed to the firm\u2019s four decades of cash management experience as the foundation for the product. \u201cWe\u2019re excited to partner with Anchorage Digital to bring these capabilities to the digital assets space,\u201d Hung added.<\/p>\n<h2>Competitive Position<\/h2>\n<p>State Street enters behind Blackrock, which launched the Circle Treasury Reserves fund in partnership with Circle, and <a href=\"https:\/\/news.bitcoin.com\/goldman-sachs-apex-group-and-archax-build-institutional-tokenized-real-estate-fund\/\">Goldman Sachs<\/a> and BNY, which also launched GENIUS Act-aligned reserve vehicles earlier in 2026. BNY\u2019s fund, the Dreyfus <span>Stablecoin<\/span> Reserves Fund, has positioned itself on operational simplicity and institutional familiarity.<\/p>\n<p>The fund connects to State Street\u2019s broader digital asset strategy, which also includes the State Street Galaxy Onchain <span>Liquidity<\/span> Sweep Fund (SWEEP), a tokenized cash management product that runs around the clock via <span>stablecoin<\/span> rails.<\/p>\n<h2>Risks to Watch<\/h2>\n<p>Assets in the fund are expected to move with <span>stablecoin<\/span> minting and redemption cycles. A depeg event or period of rapid <span>stablecoin<\/span> redemptions could trigger sharp outflows and force the fund to sell assets at unfavorable prices. The fund carries no FDIC insurance and no guarantee from State Street against loss of principal.<\/p>\n<p>The restricted investment universe, limited to GENIUS-eligible short Treasuries and repos, may also compress yields relative to broader government or prime money market funds.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/state-street-enters-stablecoin-reserve-race-joins-blackrock-and-goldman-with-new-genius-act-fund-37856\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways State Street launched the SSCXX money market fund on June 8, 2026, with $121M in early AUM and a 3.51% yield. The GENIUS Act, signed July 2025, created the federal reserve framework that made this product category possible for stablecoin issuers. Anchorage Digital joined as a [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":74118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74117"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74117"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74118"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}