BNY Mellon Launches Regulated Stablecoin Reserve Fund Amid Growing Institutional Demand
BNY Mellon has unveiled the BNY Dreyfus Stablecoin Reserves Fund (BSRXX), a government money market vehicle designed to provide compliant reserve management for stablecoin issuers. Launched November 13, 2025, the fund aligns with the GENIUS Act's stringent reserve requirements, offering capital preservation and liquidity management during market stress.
The fund signals Wall Street's deepening engagement with digital assets, positioning BNY Mellon as a liquidity solutions provider for the $160B stablecoin market. Institutional adoption continues accelerating, with 72% of treasury managers now considering crypto reserves according to recent PwC research.