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Federated Hermes

Money market fund manager for GENIUS Act stablecoin reserves

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About

Federated Hermes is a major money market fund manager (over $680B in MMF assets) that launched a fund giving stablecoin issuers access to cash and short-term US Treasuries structured to satisfy GENIUS Act eligible-reserve requirements.

Among the first MMF managers to launch a GENIUS Act stablecoin reserves fund.

Key products

Stablecoin reserves money market fund
Founded
1955
HQ
Pittsburgh, USA
Stage
Public
Funding
Public (NYSE: FHI)

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