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⛓️ Crypto🟢 BullishImportance 7/10

Morgan Stanley Targets Direct Crypto Custody With Trust Bank Application

BeInCrypto|Oluwapelumi Adejumo||1 views
🤖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.
Read Original →via BeInCrypto
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