Morgan Stanley Launches Stablecoin Reserves Portfolio for Issuers
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Morgan Stanley launched the Stablecoin Reserves Portfolio (MSNXX), a government money market fund offering stablecoin issuers a regulated reserve vehicle. Fund is built for GENIUS Act compliance, targets 100% backing, invests in cash, US Treasuries and overnight repo, and targets a $1 NAV. Strengthens regulatory compliance and institutional reserve options for crypto stablecoins, likely to boost issuer adoption and stablecoin market trust.
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- Morgan Stanley launched the Stablecoin Reserves Portfolio (MSNXX), a money market fund.
- The fund targets issuers and meets the GENIUS Act rules, which requires 100% backing.
- MSNXX invests in cash, US Treasuries, and overnight repo agreements, targeting a $1 NAV.
Morgan Stanley Investment Management (MSIM) has launched the Stablecoin Reserves Portfolio (MSNXX), a new government money market fund built for stablecoin issuers.
The fund is part of the Morgan Stanley Institutional Liquidity Funds trust and is designed to meet reserve investment standards under the Guiding and Establishing National Innovation for US Stablecoins Act, known as the GENIUS Act.
The launch gives payment stablecoin issuers a regulated option to hold reserves backing tokens in circulation.
Built for GENIUS Act Compliance
The GENIUS Act requires stablecoin issuers to maintain 100% reser…
Read The Full Article Morgan Stanley Launches Stablecoin Reserves Portfolio for Issuers On Coin Edition.
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