Tassat unveils stablecoin reserve management platform, targets early 2027 launch

Tassat, the developer of blockchain payments network Signet, has unveiled Project NENYA, a stablecoin reserve management platform, CoinDesk reported. After a pilot program, Tassat plans to officially launch the platform in early 2027. The project targets small and mid-sized banks that lack the technology, compliance infrastructure, and specialized personnel needed to support stablecoin issuers. It links compliant stablecoin issuers and banks through a shared marketplace, allowing deposits to be allocated across cash deposits and tokenized High-Quality Liquid Assets. Participating banks can bid to attract deposits, while issuers can diversify deposits across multiple institutions and monitor pricing, liquidity, and counterparty exposure.