Morgan Stanley launches stablecoin reserve fund linked to a money market investment portfolio

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Banking World News reports that Morgan Stanley has launched a new stablecoin reserve investment portfolio, allowing issuers to place supported assets into its institutional liquidity fund trust to earn returns without affecting liquidity. The fund is listed as MSNXX, aiming to maintain a net asset value of $1 and to provide daily access to funds and periodic income distributions. Morgan Stanley said that this investment portfolio meets the requirements of the U.S. Stablecoin Act and has attracted interest from traditional payment companies such as Western Union and Zelle. The fund’s minimum investment is $10 million, and its management fee is 0.15%. In addition, Morgan Stanley’s push in the digital asset space has accelerated: the Bitcoin trust fund launched in April attracted more than $103 million in net inflows within days, surpassing WisdomTree’s Bitcoin fund, which had $86 million in net inflows. The bank also plans to obtain a charter from the National Trust Bank, to.

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