# Stablecoin Reserves Portfolio is a government money market fund designed for issuers of stablecoins.

*fintech · news · 2026-04-24 · CoinDesk*

## Key points

- Morgan Stanley Investment Management has launched a Stablecoin Reserves Portfolio targeting stablecoin issuers.
- The new fund only invests in U.S. Treasury bills and overnight government-backed repurchase agreements.
- The fund maintains a constant $1 net asset value and offers daily liquidity without penalties.
- The fund anticipates regulatory requirements from the pending GENUIS ACT mandating regulated reserves for stablecoins.
- Morgan Stanley's recent products include a Bitcoin ETP and tokenized shares with blockchain-mirrored records.

**Companies:** Morgan Stanley, BNY Mellon
**Countries:** United States

[Read the full story on CoinDesk](https://www.coindesk.com/markets/2026/04/24/morgan-stanley-is-positioning-itself-as-the-reserve-manager-for-the-stablecoin-industry)

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