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According to Ledgerinsights, the asset management giant Federated Hermes, with an asset management scale of $9.07 trillion, announced the launch of its first money market fund that complies with the federal “GENIUS Act” requirements—“Federated Hermes Money Market Managed Digital Treasury Fund (Digital Treasury Fund Reserve Shares, code: OFFXX).” This fund primarily targets the reserve asset management needs of payment stablecoin issuers, and it is also open to retail and institutional investors.