Morgan Stanley has launched a stablecoin reserve fund through its investment management arm. The new offering lets stablecoin issuers place reserve assets in the bank’s money market fund while earning income.
The product is called the Stablecoin Reserves Portfolio. It sits inside the Morgan Stanley Institutional Liquidity Funds trust, also known as MSNXX.
The MSNXX money market fund aims to preserve capital, provide daily liquidity, and distribute income. It also seeks to keep a $1 net asset value, according to Morgan Stanley.
Stablecoin issuers need at least $10 million to enter the Morgan Stanley stablecoin offering. The fund has a 0.15% management fee, according to Morgan Stanley’s website.
Morgan Stanley Stablecoin Offering Follows GENIUS Act
Morgan Stanley said the stablecoin reserve fund seeks to comply with the GENIUS Act. The full name is the Guiding and Establishing National Innovation for US Stablecoins Act.
The framework was signed into law in July. After that, traditional finance firms, including Western Union and Zelle, expanded into the stablecoin market.
The Morgan Stanley stablecoin product focuses on reserve management. Stablecoin issuers use reserves to support the value of their tokens.
“Developing innovative ways to work with stablecoin issuers is another step towards modernizing the financial infrastructure,” said Amy Oldenburg, head of Morgan Stanley’s digital asset strategy.
MSNXX Holds Cash and Short-Term Treasurys
The MSNXX money market fund invests in cash, US Treasury securities, and overnight repurchase agreements backed by Treasury securities.
Morgan Stanley said the fund uses Treasury securities with maturities of 93 days or less.
The fund expects most shares to be held by stablecoin issuers. However, Morgan Stanley said shares may also be available to other investors.
This structure gives stablecoin issuers access to a reserve product inside a major Wall Street fund platform. It also keeps the assets in short-term instruments.
Morgan Stanley Crypto Push Expands
The Morgan Stanley crypto push now includes stablecoin reserves, Bitcoin exposure, and ETF filings.
On April 8, Morgan Stanley launched the Morgan Stanley Bitcoin Trust, known as MSBT. The trust has recorded $172 million in net inflows since launch.
Morgan Stanley has also filed paperwork with the US securities regulator to list an Ether ETF and a staked Solana ETF.
In February, Morgan Stanley filed for a national trust banking charter with the Office of the Comptroller of the Currency.
Approval would allow Morgan Stanley to offer crypto custody. It would also allow the bank to execute purchases, swaps, and transfers for clients.
Morgan Stanley is one of the world’s largest investment banks. Its roughly 16,000 financial advisors manage more than $6 trillion in client assets.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: April 24, 2026 • 🕓 Last updated: April 24, 2026
