fintech / news / / Crypto News
Morgan Stanley has introduced a new portfolio designed to hold stablecoin reserves.
Morgan Stanley launched the Stablecoin Reserves Portfolio within its Institutional Liquidity Funds trust as MSNXX.
KEY POINTS
- The portfolio allows stablecoin issuers to earn yield on reserves without sacrificing liquidity or capital stability.
- MSNXX invests in cash, short-dated U.S. Treasuries under 93 days, and overnight Treasury-backed repos.
- Minimum investment is $10 million, with a 0.15% fee, and non-issuer investors are also eligible.
- Portfolio design aligns with compliance under the recently enacted Guiding and Establishing National Innovation for U.S. Stablecoins Act.
COMPANIES
Summarized by Newsio from Crypto News. How we summarize →