Morgan Stanley Launches Stablecoin Reserve Management Service
Morgan Stanley has introduced a new Stablecoin Reserves Portfolio, a government money market fund designed to hold reserves backing stablecoins. The fund invests in U.S. Treasury bills and repurchase agreements, aiming to maintain a $1 net asset value. This move aligns with the bank's expansion into digital assets, including its recent Bitcoin ETF launch.
Tickers: $MS
Topics: digital assets financial services investment management Morgan Stanley stablecoins