Morgan Stanley Applies for Digital Asset Banking Charter

A Morgan Stanley subsidiary has applied to the Office of the Comptroller of the Currency (OCC) for a national trust banking charter to handle digital assets. This move represents another major traditional financial institution seeking regulatory approval to expand into cryptocurrency and digital asset services.

• →Morgan Stanley subsidiary filed an application with the OCC for a national trust banking charter focused on digital assets.
• →The application was submitted earlier this month, indicating accelerated interest in regulated crypto services.
• →A national trust charter would allow the subsidiary to provide custodial and other banking services for digital assets.
• →This follows a trend of major Wall Street firms seeking regulatory clarity and approval for crypto operations.
• →The move could significantly expand institutional access to digital asset banking services if approved.