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StocksMediumUpdated×3•Originally published 23 April 2026•Updated 24 April 2026•

1 min read

Morgan Stanley Launches Dedicated Stablecoin Reserves Portfolio Under U.S. GENIUS Act

Key Facts

1Morgan Stanley Investment Management launched the MSNXX portfolio specifically for stablecoin reserves.

2The fund is designed to align with the investment requirements of the U.S. GENIUS Act for stablecoin issuers.

about 1 month ago

Version History

2 additional sources confirmed this story

Version 3about 1 month ago

What changed: Added information regarding competition with BlackRock for Circle's reserves and included market growth projections of $2 trillion by 2028.

Version 2about 1 month ago

What changed: The story was updated to link the new stablecoin fund launch to the recent success and strong inflows of Morgan Stanley's spot Bitcoin ETF (MSBT).

Version 1about 1 month ago

What changed: Added the specific $10 million initial investment requirement for stablecoin issuers to access the fund.

Morgan Stanley Investment Management (MSIM) has launched the Stablecoin Reserves Portfolio (MSNXX), a government money market fund tailored for stablecoin issuers under the U.S. GENIUS Act. This strategic move directly challenges BlackRock, which currently manages the reserves for Circle, a leading stablecoin issuer. The launch comes amid industry projections that the stablecoin market will expand to $2 trillion by 2028. By introducing MSNXX, Morgan Stanley aims to capture a significant share of this growing sector, building on the momentum of its successful MSBT Bitcoin ETF. The fund provides a regulated liquidity management vehicle for digital asset issuers adhering to new federal oversight. Analysts believe this expansion positions the bank as a central pillar in the infrastructure of dollar-pegged digital assets.