Tassat launches Project NENYA platform to help small and medium-sized banks access the stablecoin reserve management market

According to CoinDesk, fintech company Tassat has launched Project NENYA, aiming to help regional and mid-sized banks access the stablecoin reserve management market. The new platform is scheduled to go live in early 2027, with pilot testing set for the first half of 2026. The platform connects regulated stablecoin issuers and banks through a shared marketplace, facilitating the allocation of cash deposits and tokenized high-quality liquid asset reserves. Participating banks can bid for deposits, while issuers can diversify reserves across multiple institutions and monitor pricing, liquidity, and counterparty risk. The platform itself does not operate on a blockchain, but it plans to connect to tokenized assets and deposit networks to reduce the technical burden on smaller banks.