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Tassat launches stablecoin reserve management platform for regional banks
The platform, Project NENYA, is set to begin pilot activity in the first half of 2027 and includes a shared marketplace for allocating stablecoin reserves while tracking liquidity, pricing, and counterparty risk.
CoinDesk reports that fintech firm Tassat is rolling out Project NENYA, a stablecoin reserve management platform aimed at helping regional and midsize U.S. banks compete for stablecoin-related deposits that are currently concentrated at a limited number of specialist institutions.
According to CoinDesk, Project NENYA is designed to connect regulated stablecoin issuers with banks through a shared marketplace that allocates reserves across cash deposits and tokenized high quality liquid assets. The system would also monitor pricing, liquidity, and counterparty risk.
CoinDesk adds that Tassat expects the platform to start launch activity in early 2027 after pilots begin in the first half of the year, with a focus on banks that may lack the technology, compliance infrastructure, and staffing needed to support stablecoin issuers.
Tassat CEO Glen Sussman argued to CoinDesk that spreading stablecoin reserves beyond a small circle of large banks is necessary as the market grows toward a multi trillion dollar scale, to reduce liquidity and deposit risk and help keep smaller banks from being shut out of the system.