Morgan Stanley is positioning itself as the reserve manager for the stablecoin industry
CoinDesk·2h ago·Neutral
What Happened
Morgan Stanley's investment arm MSIM launched the Stablecoin Reserves Portfolio, a government money market fund enabling stablecoin issuers to safely store reserves backing their digital tokens. The fund invests in U.S. Treasury bills and repurchase agreements, maintaining $1 net asset value per share, providing capital preservation for the digital assets industry.
Key Entities
Morgan StanleyMSIMStablecoin Reserves PortfolioU.S. Treasury billsrepurchase agreementsstablecoins