Northern Trust (NTRS) Enters Stablecoin Reserve Management With New Money Market Fund

Northern Trust (NasdaqGS:NTRS) has introduced the Stablecoin Cash Reserves Portfolio, a U.S. government money market fund for stablecoin issuers. The new portfolio is built to hold reserves backing digital tokens that are pegged to traditional currencies such as the U.S. dollar. The product expands Northern Trust’s digital asset servicing range to include dedicated reserve management for institutional stablecoin sponsors. Northern Trust’s Stablecoin Cash Reserves Portfolio arrives as part of...