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Morgan Stanley debuted a money market fund intended for stablecoin issuers on Friday.
Morgan Stanley launched the Stablecoin Reserves Portfolio (MSNXX) tailored for stablecoin issuers' reserves.
KEY POINTS
- MSNXX is specifically designed to comply with last year's federally enacted GENIUS Act reserve requirements.
- Unlike some competitors, MSNXX allocates to notes, bonds, and overnight repo agreements collateralized by liquid assets.
- Morgan Stanley's head of digital-asset strategy revealed tokenized money market funds are planned for future products.
COMPANIES
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