Federated Hermes Launches GENIUS Act-Compliant Digital Treasury Money Market Fund

According to ChainCatcher, Federated Hermes announced the recent launch of Federated Hermes Money Market Management Digital Treasury Fund, designed to meet GENIUS Act stablecoin regulatory requirements. The fund is open to stablecoin issuers, institutional investors, and retail investors.

Assets held have a maximum maturity of 93 days and include cash and U.S. Treasury securities and other highly liquid instruments.

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