Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts

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.

• →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.