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Federated Hermes, a long-established U.S. asset management firm, has launched a compliant digital Treasury money market fund
Svmuureports that Federated Hermes, a veteran American asset management company, has announced the launch of the Federated Hermes Money Market Management Digital Treasury Fund. This money market fund complies with the stablecoin regulatory requirements of the GENIUS Act. The fund is primarily aimed at stablecoin issuers but is also open to institutional and retail investors. Its collateral assets have a maturity of no more than 93 days, and investments include cash, US Treasury bonds, and other highly liquid assets. (Ledgerinsights)
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