Morgan Stanley Launches Stablecoin Reserve Fund for Issuers

robot
Abstract generation in progress

Morgan Stanley Investment Management launched MSNXX, a stablecoin reserve portfolio for issuers that targets a $1 net asset value. The government money market fund invests only in U.S. Treasuries and repurchase agreements backed by government securities. The portfolio also offers daily liquidity. Morgan Stanley said the product is designed to give stablecoin issuers a compliant, low-risk reserve asset custody solution.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin