Tassat Unveils Project NENYA Stablecoin Reserve Platform for Regional and Midsize U.S. Banks

Jul 23, 2026

Tassat Group, Inc. unveiled Project NENYA, a stablecoin reserve management platform that it expects to launch in early 2027. The proposed platform is designed to connect regulated stablecoin issuers with U.S. banks, particularly regional and midsize institutions, through a marketplace for allocating reserves across cash deposits and tokenized high-quality liquid assets. Tassat says the initiative is intended to broaden bank participation and reduce reserve-concentration and deposit-flight risks as the stablecoin market grows; CoinDesk reported that Citi projects the market could reach roughly $4 trillion by 2030.

Project NENYA reserve platform

▪Tassat Group, Inc. announced Project NENYA, a stablecoin reserve management platform designed to help regional and midsize U.S. banks compete for stablecoin reserves.
▪Tassat Group, Inc. expects to launch Project NENYA in early 2027, with pilot programs scheduled to begin in the first half of 2027.

GENIUS Act regulatory framework

▪Citi projects that the stablecoin market could reach approximately $4 trillion by the year 2030.
▪Tassat said the GENIUS Act introduced tighter reserve-segregation and oversight requirements, marking a structural inflection point for the stablecoin ecosystem.

Regional bank deposit flight

▪Tassat Group, Inc. CEO Glen Sussman warned that concentrating stablecoin reserves among a small circle of banks could create liquidity and deposit risks.
▪Project NENYA aims to help regional and mid-sized banks counter the threat of deposit flight by enabling safer, broader participation in the stablecoin economy.

Reserve optimization infrastructure features

▪The Project NENYA platform will not run on a blockchain, but Tassat Group, Inc. plans to connect it with tokenized asset and deposit networks.
▪Project NENYA is designed to connect regulated stablecoin issuers and banks through a shared marketplace for allocating reserves across cash deposits and tokenized high-quality liquid assets.

Tassat digital asset background

▪Tassat Group, Inc. previously built and operated digital asset infrastructure platforms including SIGNET/CBIT, DIBN, and Lynq.
▪Tassat Group, Inc. says its infrastructure has settled more than $2.5 trillion in transactions to date while operating within regulatory perimeters across global markets.