Northern Stablecoin Cash Reserves
A press release titled, "Northern Trust Asset Management Launches Stablecoin Cash Reserves Portfolio," tells us, "Northern Trust Asset Management ... announced the launch of the Northern Institutional Funds Stablecoin Cash Reserves Portfolio (NSCXX). The Stablecoin Cash Reserves Portfolio is a U.S. government money market fund designed to support stablecoin issuers' cash reserve needs. The fund is structured to hold the reserves for stablecoins, as permitted under the recent Guiding and Establishing National Innovation for U.S. Stablecoins ('GENIUS') Act. The fund is a 2a-7 Treasury and Treasury repurchase agreement money market fund, with remaining maturities of 93 days or less. The fund invests in U.S. Treasury securities and Treasury repurchase agreements and does not invest in, or own, stablecoins within the portfolio." Paula Kar, Chief Product Officer of Northern Trust Asset Management, comments, "The stablecoin market is rapidly evolving as issuers look for reserve solutions that seek to meet their capital preservation and liquidity needs, while aligning with new regulatory requirements. This portfolio applies our institutional cash management experience to that challenge, giving issuers access to a dedicated reserve solution built around high-quality, short-term U.S. government assets. Together with our tokenized fund capabilities, this launch reinforces our focus on connecting trusted investment structures with the evolving digital financial ecosystem." The release explains, "This Stablecoin Cash Reserves Portfolio launch follows Northern Trust Asset Management's entry into the digital assets market earlier this year, after the launch of a tokenized share class of the NIF Treasury Instruments Portfolio. These developments represent Northern Trust Asset Management's commitment to providing clients with digitally-powered solutions in a transforming marketplace. Northern Trust Asset Management has US$395 billion in assets under management in liquidity strategies as of June 30, 2026." For more, see these Crane Data News stories: "Money Funds Low Profile on Q2 Earnings Call Radar; Schwab, Northern" (7/23/26), "Northern Trust A.M. Launches Tokenized Treasury Digital Enabled Shares" (3/3/26), and "Northern Earnings Discuss Deposits, Tokenized Money Funds, Offshore" (10/24/25).
