Morgan Stanley Investment Management has launched a government money market fund called Stablecoin Reserves Portfolio (MSNXX) to provide stablecoin issuers with a reserve asset holding scheme that complies with the GENIUS Act. This fund is part of the Morgan Stanley Institutional Liquidity Fund Trust and primarily targets payment-type stablecoin issuers that require accredited investment instruments to support their token reserves. The fund maintains a stable net asset value of $1 by investing in cash, U.S. Treasury bills, notes, and bonds with remaining maturities of 93 days or less, and overnight repurchase agreements backed by U.S. Treasury securities. Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated that this move aims to modernize financial infrastructure and expand digital investment solutions for institutional clients. As of March 31, 2026, Morgan Stanley Investment Management and its affiliates have $1.9 trillion in assets under management.