.jpg)
Morgan Stanley launches Stablecoin Reserves Portfolio
24 April 2026 US
Image: wolterke/stock.adobe.com
Morgan Stanley Investment Management (MSIM) has launched the Stablecoin Reserves Portfolio (MSNXX), a government money market fund (MMF) and part of the Morgan Stanley Institutional Liquidity Funds Trust.
The portfolio is designed to align with stablecoin reserve investment requirements set out by the GENIUS Act, offering issuers an MMF option for investing their required reserves backing their outstanding payment stablecoins.
MSNXX intends to preserve capital, daily liquidity, and maximum current income, investing exclusively in cash, US Treasury bills, notes, and bonds with remaining maturities of fewer than 93 days.
It will also invest in certain overnight repurchase agreements collateralised by US Treasury securities and/or cash.
MSIM says the launch is indicative of its commitment to expanding its digital assets offering, and follows the debut of its inaugural crypto ETP in April 2026, the Morgan Stanley Bitcoin Trust.
Commenting on the portfolio, Fred McMullen, co-head of Global Liquidity, MSIM, says: “We are pleased to deliver a new investment solution to the marketplace that seeks to address the needs of stablecoin issuers.
“The significant increase in stablecoin issuers as well as the growing number of assets held in stablecoins represents an evolving portion of the marketplace that is ripe for future growth.”
Amy Oldenburg, head of digital asset strategy for Morgan Stanley, adds: “Developing innovative ways to work with stablecoin issuers is another step towards modernising the financial infrastructure and a key way to improve our institutional clients’ experience.”
The portfolio is designed to align with stablecoin reserve investment requirements set out by the GENIUS Act, offering issuers an MMF option for investing their required reserves backing their outstanding payment stablecoins.
MSNXX intends to preserve capital, daily liquidity, and maximum current income, investing exclusively in cash, US Treasury bills, notes, and bonds with remaining maturities of fewer than 93 days.
It will also invest in certain overnight repurchase agreements collateralised by US Treasury securities and/or cash.
MSIM says the launch is indicative of its commitment to expanding its digital assets offering, and follows the debut of its inaugural crypto ETP in April 2026, the Morgan Stanley Bitcoin Trust.
Commenting on the portfolio, Fred McMullen, co-head of Global Liquidity, MSIM, says: “We are pleased to deliver a new investment solution to the marketplace that seeks to address the needs of stablecoin issuers.
“The significant increase in stablecoin issuers as well as the growing number of assets held in stablecoins represents an evolving portion of the marketplace that is ripe for future growth.”
Amy Oldenburg, head of digital asset strategy for Morgan Stanley, adds: “Developing innovative ways to work with stablecoin issuers is another step towards modernising the financial infrastructure and a key way to improve our institutional clients’ experience.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
