Information, not investment advice. Facts are copied from cited issuer and regulator documents with retrieval dates; anything we could not verify is marked unknown. Nothing here is a recommendation, ranking, or eligibility determination about you.
As of 2026-10-25, these SEC-registered money market funds are built for stablecoin reserves or offer onchain share classes for institutions: Western Asset Institutional U.S. Treasury Reserves, Digital Institutional Shares (DIGXX), BlackRock Select Treasury Based Liquidity Fund (BSTBL), OnChain Shares (DOLXX), Goldman Sachs Financial Square Treasury Instruments Fund, Token Shares (GDTXX), JPMorgan OnChain Liquidity-Token Money Market Fund (Token Class) (JLTXX), Northern Institutional Funds Stablecoin Cash Reserves Portfolio (NSCXX), BlackRock Daily Reinvestment Stablecoin Reserve Vehicle (BRSRV), OnChain Shares (RSVXX), State Street Stablecoin Reserves Money Market Fund (SSRXX), Goldman Sachs Stablecoin Reserves Fund, Institutional Shares (STBXX). Tickers and terms come from each fund's SEC filings and issuer releases. Some are not tokenized at all; the 'Onchain / tokenized?' column says which.
Not investment advice and not a determination about you. These funds set institutional minimums and many are sold only through intermediaries. Unknown fields were not stated in the documents we checked.
| Product | Onchain / tokenized? | Minimum initial investment | Who can invest | Management fee / expense ratio | GENIUS Act note |
|---|---|---|---|---|---|
| Western Asset (Franklin Templeton) DIGXX | Mirror record only SEC EDGAR filing, retrieved 2026-10-26 | USD 1,000,000 SEC EDGAR filing, retrieved 2026-10-26 | General/institutional investors through the fund or a Service Agent SEC EDGAR filing, retrieved 2026-10-26 | Management fee 0.20%; total 0.25%; 0.18% after waiver SEC EDGAR filing, retrieved 2026-10-26 | n/a |
| BlackRock DOLXX | Yes SEC EDGAR filing, retrieved 2026-10-26 | USD 3,000,000 SEC EDGAR filing, retrieved 2026-10-26 | Institutions SEC EDGAR filing, retrieved 2026-10-26 | Management fee 0.20%; total 0.21%; net 0.17% after cap (contractual through June 30, 2028) SEC EDGAR filing, retrieved 2026-10-26 | BlackRock release Aug 3, 2026: the strategy intends to make the fund an 'eligible reserve asset' for permitted US payment stablecoin issuers under the GENIUS Act BlackRock, retrieved 2026-10-26 |
| Goldman Sachs GDTXX | Mirror record only SEC EDGAR filing, retrieved 2026-10-26 | USD 10,000,000 SEC EDGAR filing, retrieved 2026-10-26 | Customers of banks, trust companies and other financial institutions that have a relationship with Goldman Sachs & Co. LLC SEC EDGAR filing, retrieved 2026-10-26 | Management fee 0.18%; total 0.20% SEC EDGAR filing, retrieved 2026-10-26 | n/a |
| J.P. Morgan JLTXX | n/a | USD 1,000,000 J.P. Morgan Asset Management, retrieved 2026-10-25 | Qualified investors subscribing through Morgan Money J.P. Morgan Asset Management, retrieved 2026-10-25 | Net expenses 0.16% (gross 0.71%; management fee 0.08%), waivers through 6/30/2028 J.P. Morgan Asset Management, retrieved 2026-10-25 | Fund states it is managed to satisfy GENIUS Act eligible reserve-asset requirements for stablecoin issuers J.P. Morgan Asset Management, retrieved 2026-10-25 |
| Northern Trust NSCXX | No SEC EDGAR filing, retrieved 2026-10-26 | USD 5,000,000 SEC EDGAR filing, retrieved 2026-10-26 | Stablecoin issuers and institutional investors SEC EDGAR filing, retrieved 2026-10-26 | Shares: management fee 0.16%; total 0.23%; 0.18% after reimbursement (contractual through September 30, 2027) SEC EDGAR filing, retrieved 2026-10-26 | Structured to hold the reserves for stablecoins as permitted under the GENIUS Act (Northern Trust release, Sep 8, 2026) Northern Trust, retrieved 2026-10-26 |
| BlackRock RSVXX | Yes SEC EDGAR filing, retrieved 2026-10-26 | USD 3,000,000 SEC EDGAR filing, retrieved 2026-10-26 | Digitally native institutional investors (BlackRock's description) BlackRock, retrieved 2026-10-26 | Management fee 0.12%; total 0.18%; net 0.17% after waiver (contractual through June 30, 2028) SEC EDGAR filing, retrieved 2026-10-26 | BlackRock release Aug 3, 2026: the strategy intends to make the fund an 'eligible reserve asset' for permitted US payment stablecoin issuers under the GENIUS Act BlackRock, retrieved 2026-10-26 |
| State Street SSRXX | No SEC EDGAR filing, retrieved 2026-10-26 | USD 15,000,000 SEC EDGAR filing, retrieved 2026-10-26 | Unknown | Management fee 0.05%; total 0.12% (Preferred Class) / 0.18% (Capital Class) SEC EDGAR filing, retrieved 2026-10-26 | Invests in assets that are eligible investments for stablecoin reserves under the GENIUS Act SEC EDGAR filing, retrieved 2026-10-26 |
| Goldman Sachs STBXX | No SEC EDGAR filing, retrieved 2026-10-26 | USD 10,000,000 SEC EDGAR filing, retrieved 2026-10-26 | Investors purchasing through intermediaries that have a relationship with Goldman Sachs SEC EDGAR filing, retrieved 2026-10-26 | Management fee 0.18%; total 0.20% after expense limitation SEC EDGAR filing, retrieved 2026-10-26 | Invests only in GENIUS Act eligible reserve assets and primarily intends to serve as a reserve asset for stablecoin issuers SEC EDGAR filing, retrieved 2026-10-26 |
We also saw an Invesco stablecoin reserve fund and a Northern Trust Treasury Instruments Portfolio 'Digital Enabled Shares' class mentioned in issuer materials, but did not confirm their tickers and terms in SEC filings, so they are not listed.
What the GENIUS Act allows as reserves: stablecoin vs tokenized money market fund.
As of 2026-10-25, no: per their SEC filings, Goldman Sachs Stablecoin Reserves Fund (STBXX), State Street Stablecoin Reserves Money Market Fund (SSRXX) and Northern Institutional Funds Stablecoin Cash Reserves Portfolio (NSCXX) are conventional money market funds for stablecoin reserves. Goldman's GDTXX Token Shares and Western Asset's DIGXX keep an onchain mirror record of ownership; BlackRock's BRSRV (RSVXX) and BSTBL (DOLXX) OnChain Shares are recorded on public blockchains.
As of 2026-10-25, BRSRV is BlackRock Daily Reinvestment Stablecoin Reserve Vehicle OnChain Shares (ticker RSVXX) and BSTBL is BlackRock Select Treasury Based Liquidity Fund OnChain Shares (ticker DOLXX), per their SEC prospectus filings (497K). See each record for minimums, fees and chains.