Morgan Stanley Has Future Plans for Bitcoin Trading, Lending, and Custody

Morgan Stanley is planning a significant expansion into digital assets, as detailed by Amy Oldenburg, Head of Digital Asset Strategy, at Strategy World. The firm will initially allow E-Trade clients to buy and sell spot cryptocurrencies via a partnership, following previous plans for a spot Bitcoin ETF. Over the next year, Morgan Stanley intends to develop a fully integrated custody and exchange platform, ensuring clients have legal custody of their digital assets under the bank's oversight. The firm is also exploring future services like yield and lending products against crypto holdings, driven by the institutionalization of the space and the fact that many clients currently hold crypto off-platform. While no timeline was given for lending products, these are expected to follow the custody and exchange rollout.

(Source：Bitcoin Magazine)