Morgan Stanley Unveils Stablecoin Reserves Portfolio for Institutional Investors
- Morgan Stanley has launched the Stablecoin Reserves Portfolio, requiring a minimum buy-in of $10 million.
- The portfolio is part of Morgan Stanley’s Institutional Liquidity Funds trust and targets a stable $1 net asset value.
- It holds cash, short-dated US Treasury securities maturing within 93 days, and overnight repurchase agreements.
- A management fee of 0.15% applies to the fund, which aligns with the GENIUS Act requirements for stablecoin issuers.
- Morgan Stanley also recently launched a Bitcoin ETF and filed for funds tied to Ether and staked Solana.
Morgan Stanley’s new offering provides stablecoin issuers with a secure place to deposit reserves, aligning with recent regulatory requirements under the GENIUS Act. This move signifies Morgan Stanley’s growing involvement in digital assets beyond trading or holding them.
The $10 million entry requirement positions the fund firmly for institutional investors, reflecting Morgan Stanley’s strategy to cater to large-scale financial entities in the evolving digital asset landscape. (Source)
