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Morgan Stanley applies for OCC bank charter to custody crypto

CoinTelegraph|Cointelegraph by Felix Ng|February 28, 2026 at 02:05 AM|1 views

🤖AI Summary

Morgan Stanley has applied for an OCC bank charter to provide cryptocurrency custody services, marking another major step in the traditional banking giant's expansion into digital assets. This follows the firm's recent filing to launch Bitcoin, Ethereum, and Solana ETFs in January, demonstrating an accelerated push into the crypto space.

Key Takeaways

→Morgan Stanley has applied for an OCC bank charter specifically to offer cryptocurrency custody services.
→The application represents a significant expansion of traditional banking services into digital asset custody.
→The move follows Morgan Stanley's recent filings for Bitcoin, Ethereum, and Solana ETFs in January 2024.
→This demonstrates accelerated institutional adoption of cryptocurrency services by major Wall Street banks.
→The OCC charter would provide regulatory approval for Morgan Stanley to formally custody digital assets.

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