The established American asset management company Federated Hermes has launched a compliant digital treasury money market fund

The American veteran asset management company Federated Hermes announced the launch of the Federated Hermes Money Market Management Digital Treasury Fund, which complies with the stablecoin regulatory requirements of the GENIUS Act. This fund is primarily aimed at stablecoin issuers, while also open to institutional and retail investors. Its collateral assets have a maturity of no more than 93 days, and the investment scope includes cash, U.S. Treasury bonds, and other highly liquid assets.