Federated Hermes Unveils 93-Day Treasury Fund Compliant with GENIUS Act
FHI•Federated Hermes introduced its Money Market Management Digital Treasury Fund–Reserve Shares to satisfy GENIUS Act reserve requirements for payment-stablecoin issuers by investing in US Treasuries maturing within 93 days and overnight repurchase agreements. The fund builds on its $684.7 billion money market legacy and targets high-quality liquid assets for blockchain participants.
1. Launch Details and Compliance
Federated Hermes launched Money Market Management Digital Treasury Fund–Reserve Shares, its inaugural vehicle tailored to meet the GENIUS Act’s requirement for stablecoin issuers to hold eligible reserve assets on a 1:1 basis. The fund invests in US dollar cash, US Treasuries maturing within 93 days and overnight repurchase agreements fully collateralized by Treasury securities.
2. Investment Strategy
The fund seeks current income with principal stability by limiting maturities to under 93 days and complying with Rule 2a-7 of the Investment Company Act of 1940. Reserve Shares may be acquired by individuals, institutional investors and payment-stablecoin issuers directly or through intermediaries, including those using blockchain-based ownership records.
3. Management and Company Scale
Managed by senior portfolio managers Susan Hill, CFA, and John Wyda, CFA, the fund leverages Federated Hermes’ 50-year money market innovation track record. As of March 31, 2026, the firm oversees $684.7 billion in money market assets and $907.1 billion in total assets, targeting digital asset liquidity solutions.
