←Back to feed
⛓️ Crypto🟢 BullishImportance 7/10
Morgan Stanley Targets Direct Crypto Custody With Trust Bank Application
🤖AI Summary
Morgan Stanley has filed for a federal trust charter to provide direct cryptocurrency custody, trading, and staking services to institutional clients. This move represents a significant step by the major investment bank to expand its crypto offerings beyond current indirect exposure products.
Key Takeaways
- →Morgan Stanley applied for a federal trust charter to offer direct crypto services.
- →The services would include cryptocurrency custody, trading, and staking for institutional clients.
- →This represents an expansion from Morgan Stanley's current indirect crypto exposure offerings.
- →The move signals increased institutional adoption and acceptance of cryptocurrency services.
- →A federal trust charter would allow Morgan Stanley to compete directly with specialized crypto custody providers.
#morgan-stanley#crypto-custody#institutional-crypto#trust-charter#crypto-trading#crypto-staking#traditional-finance#banking
Read Original →via BeInCrypto
Related Articles