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⛓️ Crypto🟢 BullishImportance 7/10
Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts
🤖AI Summary
Major Wall Street banks Citi and Morgan Stanley are significantly expanding their cryptocurrency services. Citi is integrating Bitcoin into institutional-grade custody and reporting systems, while Morgan Stanley is bringing crypto trading, lending exploration, and tokenized products to its wealth management clients.
Key Takeaways
- →Citi is integrating Bitcoin into bank-grade custody and reporting frameworks for institutional clients.
- →Morgan Stanley is expanding crypto trading services for its wealth management clientele.
- →Both banks are exploring lending products related to cryptocurrency assets.
- →Morgan Stanley is developing tokenized financial products for mainstream wealth clients.
- →The moves represent significant institutional adoption of crypto services by traditional banking giants.
#institutional-adoption#bitcoin-custody#traditional-banking#wealth-management#crypto-trading#tokenization#citi#morgan-stanley#crypto-lending
Read Original →via CoinDesk
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