State Street Launches Stablecoin Reserve Fund with $15M Minimum

State Street has launched a money market fund designed to hold reserves backing stablecoins, partnering with Anchorage Digital. The fund, ticker SSCXX, targets institutional issuers and treasury managers.

The product is structured to comply with the GENIUS Act, the recently advanced U.S. stablecoin legislation that formalizes reserve and compliance standards for dollar-backed digital assets. State Street said the fund was “designed and built to comply with the GENIUS Act.”

The State Street Digital Reserve Fund carries a minimum investment of $15 million, a threshold that limits access to institutions rather than retail buyers. The fund seeks “a high level of current income consistent with preserving principal and liquidity,” according to State Street.

Anchorage Digital, a federally chartered crypto bank, serves as the launch partner. The bank holds a national trust charter from the Office of the Comptroller of the Currency.

The fund is a government money market vehicle, meaning it holds short-term U.S. government securities. That structure aligns with the reserve requirements stablecoin issuers face under the GENIUS Act, which demands high-quality liquid assets backing tokenized dollars.

State Street (STT) carries an Alpha Score of 68, reflecting moderate institutional positioning in digital asset infrastructure. The launch places the bank alongside BlackRock and other large asset managers that are building treasury and custody systems for tokenized payment networks.

SSCXX officially launched on June 8.