State Street Investment Management Launches Stablecoin Reserves Money Market Fund
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
State Street Investment Management announced the launch of the State Street Stablecoin Reserves Money Market Fund, a GENIUS Act-aligned registered Rule 2a-7 government money market fund designed specifically for the unique needs of stablecoin issuers. The Guiding and Establishing National Innovation for U.S. Stablecoins Act, passed into law by the United States Congress in July 2025, creates a clearer regulatory framework to utilize money market funds registered under the Investment Company Act of 1940 to back the issuance of stablecoins. The fund was designed and built to comply with the GENIUS Act. State Street Bank and Trust Company, and Anchorage Digital, home to the first federally chartered crypto bank in the United States, are initial investors in the fund.
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Analyst Views on STT
Wall Street analysts forecast STT stock price to fall
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 171.100
Low
128.00
Averages
142.27
High
168.00
Current: 171.100
Low
128.00
Averages
142.27
High
168.00
About STT
State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. It operates through two lines of business: Investment Servicing and Investment Management. Its Investment Servicing line of business provides a range of services and market and financing solutions to institutional clients, including mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, investment managers, foundations and endowments worldwide. Through State Street Investment Services, State Street Markets and State Street Alpha, it offers a range of solutions, including transaction management, derivatives, collateral services, and others. Investment Management line of business provides a range of investment management solutions and products through State Street Investment Management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cost of FX Intervention: Japanese Finance Minister Satsuki Katayama has deployed over 11.7 trillion yen ($72.8 billion) to support the yen, yet the market's muted response suggests that the intervention measures have limited short-term impact.
- Structural Factors at Play: Despite the BOJ raising rates to a three-decade high, U.S. Treasury yields remain high at 4.451%, making carry trades attractive and exacerbating downward pressure on the yen.
- Political Factors Interfering: The Japanese government's preference for easy monetary policy to stimulate growth limits capital inflows, and the dovish stance of newly appointed BOJ board members may influence future monetary policy directions.
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- Investor Background: With State Street Bank and Anchorage Digital as initial investors, the fund combines over 40 years of cash management expertise from State Street with Anchorage's regulated stablecoin infrastructure, enhancing market trust in the fund.
- Liquidity Management Innovation: The fund is designed with a focus on principal preservation, liquidity, and income, aiming to provide stable liquidity solutions for institutional investors, further solidifying State Street's leadership in the digital assets space.
- Strategic Partnership Outlook: By collaborating with Anchorage Digital, State Street not only enhances its participation in the digital asset market but also lays a stronger foundation for the management of future stablecoin reserves, advancing the modernization of financial infrastructure.
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- Fee Impact: With an average management fee of 1 basis point, the $92 billion asset pool would generate approximately $9.2 million in annual fees, underscoring the significance of low-cost investment vehicles within pension plans.
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