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⛓️ Crypto🟢 Bullish
Morgan Stanley taps Coinbase and BNY Mellon for custody in proposed Bitcoin ETF
🤖AI Summary
Morgan Stanley has selected Coinbase and BNY Mellon as custodial partners for its proposed Bitcoin ETF. BNY Mellon will serve as administrator, transfer agent, and cash custodian for the Morgan Stanley Bitcoin Trust.
Key Takeaways
- →Morgan Stanley has chosen Coinbase and BNY Mellon for custody services in its proposed Bitcoin ETF.
- →BNY Mellon will handle multiple roles including administrator, transfer agent, and cash custodian.
- →This represents another major traditional financial institution entering the Bitcoin ETF space.
- →The partnership combines Morgan Stanley's investment management with established crypto and traditional custody providers.
Read Original →via CoinDesk
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