BNY Mellon Unveils BSRXX: A Stablecoins Money Market Fund to Meet GENIUS Act 93-Day Maturity Requirements

COINOTAG News reports that BNY Mellon is rolling out a specialized money market fund for stablecoin issuers seeking alignment with US stablecoin laws. The vehicle, BSRXX, stands among the first tailored options to host reserves from token issuances, in line with the GENIUS Act framework.

Under the GENIUS Act framework, issuers are directed to place reserves into ultra-safe, short-duration assets. The fund is engineered to hold only securities maturing in 93 days or less, offering liquidity and capital preservation within a compliant treasury solution.

Analysts see this offering as a practical cash-management avenue for crypto projects and a credible vehicle for investors seeking stable exposure in crypto markets. Stephanie Pierce, Deputy Head of BNY Mellon Investment Management, noted the structure targets the 93‑day limit to satisfy regulatory expectations.