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⛓️ Crypto🟢 BullishImportance 7/10
Morgan Stanley Files For Bank Charter To Offer Crypto Custody And Staking Services — Report
🤖AI Summary
Morgan Stanley has filed for a new national bank charter to offer cryptocurrency custody and staking services, marking a significant expansion into digital assets. This move comes shortly after the appointment of Amy Oldenburg as head of digital asset strategy, signaling the financial giant's commitment to cryptocurrency services.
Key Takeaways
- →Morgan Stanley has applied for a national bank charter specifically to provide crypto custody and staking services.
- →The filing represents a major institutional expansion into cryptocurrency services by a traditional financial services giant.
- →Amy Oldenburg was recently appointed as head of digital asset strategy, indicating strategic commitment to crypto.
- →The bank charter would enable Morgan Stanley to offer regulated cryptocurrency services to clients.
- →This move reflects growing institutional adoption and legitimization of cryptocurrency services in traditional banking.
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Read Original →via Bitcoinist
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