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Deep Tide TechFlow news. On June 11, according to Ledgerinsights, the U.S. legacy asset management firm Federated Hermes, with assets under management totaling $907 billion, announced the launch of the Federated Hermes Money Market Management Digital Treasury Fund, a money market fund designed to comply with the GENIUS Act’s stablecoin regulatory requirements. The fund is mainly aimed at stablecoin issuers, and is also open to institutional and retail investors. Its collateral assets have a maturity of no more than 93 days, and its investment scope includes cash, U.S. Treasury bonds, and other highly liquid assets.