Tassat wants to help smaller banks tap the trillion-dollar stablecoin boom before Wall Street lock them out
The former Signet developer aims to launch early next year a marketplace connecting stablecoin issuers with regional lenders to manage reserves.
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Summary
- Tassat has launched Project NENYA, a stablecoin reserve management platform designed to help regional and midsize U.S. banks compete for deposits now concentrated at a few specialist institutions.
- The platform, expected to begin pilot activity in early 2027, will create a shared marketplace where regulated stablecoin issuers can allocate reserves across banks and tokenized high-quality liquid assets while monitoring pricing, liquidity and counterparty risk.
- Tassat’s CEO argues that as the stablecoin market grows toward multi-trillion-dollar scale, spreading reserves beyond a small circle of large banks is necessary to reduce liquidity and deposit risks and to keep smaller banks from being shut out of the system.
