Project NENYA aims to distribute stablecoin reserves across smaller U.S. banks to mitigate liquidity risks amid trillion-dollar market growth.
Tassat will introduce a stablecoin reserve management platform, Project NENYA, in early 2027 to help regional and midsize U.S. banks compete for deposits. The platform will connect regulated stablecoin issuers with lenders, enabling reserve allocation across tokenized liquid assets while monitoring risk and pricing.
The initiative follows projections that the stablecoin market could expand to multi-trillion-dollar scale. Currently, reserves are concentrated among a few large banks, raising liquidity and deposit risks. Tassat’s CEO argues broader distribution is necessary to prevent smaller banks from being excluded.
Tassat, known for developing Signature Bank’s Signet blockchain network, released a white paper outlining the platform’s design. Pilot activity is expected to begin in early 2027, with full launch to follow.