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⛓️ Crypto🟢 BullishImportance 7/10

Morgan Stanley doubles down on crypto, files for bank charter to custody digital assets and offer staking: Bloomberg

The Block|Sarah Wynn||8 views
🤖AI Summary

Morgan Stanley has filed for a de novo national trust bank charter that would enable the firm to custody digital assets and offer staking services. This represents a significant expansion of the investment bank's cryptocurrency operations and institutional crypto services.

Key Takeaways
  • Morgan Stanley filed for a national trust bank charter to custody digital assets
  • The charter would allow the firm to offer staking services to clients
  • This represents a major expansion of Morgan Stanley's cryptocurrency operations
  • The move signals continued institutional adoption of digital asset services
  • A trust bank charter would provide regulatory clarity for crypto custody operations
Read Original →via The Block
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