American legacy asset management firm Federated Hermes launches a compliant digital treasury money market fund

Odaily Planet Daily News: Federated Hermes, a long-established American asset management company, announced the launch of a money market fund, Federated Hermes Money Market Management Digital Treasury Fund, which complies with the stablecoin regulatory requirements of the GENIUS Act. The fund is primarily targeted 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 the investment scope includes cash, U.S. Treasuries, and other highly liquid assets. (Ledgerinsights)