finance
Morgan Stanley Launches Stablecoin Reserves Portfolio Targeting Issuers on April 24
Morgan Stanley Investment Management introduced the Stablecoin Reserves Portfolio, a government money market fund designed for stablecoin issuers. The fund invests in U.S. Treasury bills and repo agreements, aiming for a constant $1 net asset value with daily liquidity. This launch aligns with growing stablecoin market capitalization and pending U.S. legislation.
Apr 24, 2:39 AM·2m read1 source
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Morgan Stanley Investment Management launched the Stablecoin Reserves Portfolio on April 24, 2026, positioning the fund as a regulated option for stablecoin issuers to hold reserve assets. CoinDesk reported that the portfolio, a government money market fund with the ticker symbol MSNXX, targets a constant $1 net asset value and offers daily liquidity. U.S.
Treasury bills and repo agreements backed by government securities. " CoinDesk noted that the stablecoin market capitalization has reached $316 billion, with dollar-pegged stablecoins such as Tether and USDC comprising the bulk of this total. U.S.
Stablecoins Act, moves through Congress as of April 24, 2026. CoinDesk reported that this legislation, if passed, would require stablecoin issuers to back tokens with high-quality liquid reserves held in regulated vehicles. Morgan Stanley's fund is designed to meet such needs by providing a low-risk place for reserves, focusing on capital preservation through investments in short-term, highly liquid government instruments.
In a related development, Morgan Stanley Investment Management launched the Morgan Stanley Bitcoin Trust (MSBT), a cryptocurrency exchange-traded product designed to track bitcoin. CoinDesk reported that BNY Mellon provides custody and fund administration services for MSBT.
Additionally, Morgan Stanley Investment Management introduced tokenized DAP Class shares of its Institutional Liquidity Funds Treasury Securities Portfolio in partnership with BNY, enabling blockchain-based mirrored records while BNY retains official books and records.
