09:12 AM EST, 11/13/2025 (MT Newswires) -- Bank of New York Mellon ( BK ) said Thursday it launched the BNY Dreyfus Stablecoin Reserves Fund.
The money market fund will hold stablecoin reserves for US issuers and other qualified institutional investors under the GENIUS Act framework, the bank said.
Anchorage Digital provided the fund's initial investment, Bank of New York Mellon ( BK ) said.