Morgan Stanley Investment Management introduced the Stablecoin Reserves Portfolio (ticker MSNXX), a government money market fund for stablecoin issuers.
The fund meets GENIUS Act rules, investing in cash, U.S. Treasuries ≤93‑day and overnight repos to preserve capital and $1 NAV.
Fred McMullen, co‑head of Global Liquidity, said the solution addresses stablecoin issuers' reserve needs; shares mainly for issuers, open to others.
Morgan Stanley oversees $1.9 trillion AUM as of March 31 2026 and recently launched the Bitcoin Trust (MSBT) and tokenized Treasury shares.