"This is a natural progression. We can't just primarily rent the technology to do this. People expect Morgan Stanley - they trust our brand - to be no fail."
"As this space continues to institutionalize, we aim to provide comprehensive services to our clients. It's a natural part of the roadmap to continue to explore yield and lending products against crypto holdings."
Morgan Stanley is expanding its digital asset offerings through multiple initiatives. The bank will first enable clients on its E-Trade platform to buy and sell spot cryptocurrencies via partnership. Within the next year, Morgan Stanley intends to develop a fully integrated custody and exchange platform where clients maintain legal custody of their digital assets under the bank's oversight. The firm recognizes that some clients prefer self-custody, particularly for Bitcoin. Morgan Stanley is also exploring additional services including yield and lending products against crypto holdings. The expansion reflects the bank's observation of early Bitcoin adoption across emerging markets and its commitment to providing comprehensive institutional-grade services as the cryptocurrency space continues to mature.
#cryptocurrency-custody #digital-asset-trading #institutional-crypto-services #morgan-stanley-expansion #blockchain-finance
Read at Bitcoin Magazine
Unable to calculate read time
Collection
[
|
...
]