Tassat announces Project NENYA
24 July 2026 US
Image: TechSolution/stock.adobe.com
Tassat, a provider of blockchain-based B2B payment and settlement solutions, has announced Project NENYA, an industry initiative centred around reserve optimisation infrastructure for regulated stablecoins.
The firm also released a white paper alongside the announcement, which examines the changing regulatory and economic impacts of stablecoin adoption, outlining a framework for the “equitable, transparent, and efficient” distribution of reserves across US depository institutions.
According to Tassat, NENYA will offer stablecoin issuers a unified reserve optimisation and intelligence platform, and for banks, “safer, broader participation” in the stablecoin economy, which the company says will counter the risk of deposit flight.
The firm cites the growing importance of reserve management in operational, regulatory, and strategic contexts as stablecoins become a mainstream financial instrument as the primary driver in its decision to introduce NENYA.
Tassat also says that the next phase of the digital asset market is in need of infrastructure that improves transparency, coordination, and operational efficiency, while aligning with existing compliance, treasury, and risk frameworks.
Project NENYA aims to connect issuers of regulated stablecoins and banks through a platform designed to facilitate reserve distribution and optimisation across both cash deposits and tokenised high-quality liquid assets (HQLA), and enable counterparty risk mitigation and real-time reserve visibility.
Regulators and other market participants can utilise the project as a coordination layer to reduce friction, discourage opaque reserve practices, and improve visibility into reserve distribution, concentration, and liquidity dynamics.
Commenting on the initiative, Glen Sussman, CEO of Tassat, says: “The rapid growth of stablecoin economies is creating a new set of infrastructure requirements for issuers and banks.
“With Project NENYA, we are delivering solutions banks and issuers will need as reserve optimisation becomes an increasingly critical aspect of the fundamental market structure.”
Glendy Kam, chief product officer at Tassat, adds: “By linking counterparties across cash and HQLA reserves, NENYA enhances liquidity throughout the ecosystem while providing the visibility, governance, and trust required by regulators and market participants alike.”
Project NENYA is being developed in collaboration with a number of prospective banking and issuer partners, with participation from both regulators and regulated institutions encouraged by the firm.
Tassat anticipates that the project will go live in early 2027.
The firm also released a white paper alongside the announcement, which examines the changing regulatory and economic impacts of stablecoin adoption, outlining a framework for the “equitable, transparent, and efficient” distribution of reserves across US depository institutions.
According to Tassat, NENYA will offer stablecoin issuers a unified reserve optimisation and intelligence platform, and for banks, “safer, broader participation” in the stablecoin economy, which the company says will counter the risk of deposit flight.
The firm cites the growing importance of reserve management in operational, regulatory, and strategic contexts as stablecoins become a mainstream financial instrument as the primary driver in its decision to introduce NENYA.
Tassat also says that the next phase of the digital asset market is in need of infrastructure that improves transparency, coordination, and operational efficiency, while aligning with existing compliance, treasury, and risk frameworks.
Project NENYA aims to connect issuers of regulated stablecoins and banks through a platform designed to facilitate reserve distribution and optimisation across both cash deposits and tokenised high-quality liquid assets (HQLA), and enable counterparty risk mitigation and real-time reserve visibility.
Regulators and other market participants can utilise the project as a coordination layer to reduce friction, discourage opaque reserve practices, and improve visibility into reserve distribution, concentration, and liquidity dynamics.
Commenting on the initiative, Glen Sussman, CEO of Tassat, says: “The rapid growth of stablecoin economies is creating a new set of infrastructure requirements for issuers and banks.
“With Project NENYA, we are delivering solutions banks and issuers will need as reserve optimisation becomes an increasingly critical aspect of the fundamental market structure.”
Glendy Kam, chief product officer at Tassat, adds: “By linking counterparties across cash and HQLA reserves, NENYA enhances liquidity throughout the ecosystem while providing the visibility, governance, and trust required by regulators and market participants alike.”
Project NENYA is being developed in collaboration with a number of prospective banking and issuer partners, with participation from both regulators and regulated institutions encouraged by the firm.
Tassat anticipates that the project will go live in early 2027.
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