New crypto move from Morgan Stanley, managing 1.7 trillion dollars

BTC-0.61%

Morgan Stanley, one of the largest banks in the US and the world, continues to take positive steps regarding cryptocurrencies. According to news in the US media, the bank will start providing cryptocurrency services through its retail customer platform called E-Trade. This way, the bank will also be opening up to a small but crowded group of investors regarding cryptocurrencies for the first time.

ZeroHash partnership announced

The bank has also partnered with ZeroHash, a crypto infrastructure provider for these services. ZeroHash also has a license to provide monetary services.

As is known, although Morgan Stanley has taken positive steps in the crypto space recently, it was only providing services in this area to wealthy and accredited clients.

Last year, they had also granted investment advisors the permission to recommend Bitcoin spot ETFs for clients. This was one of the most important points in Bitcoin's rise.

The new service is expected to be launched by the first half of 2026.

It will also develop its own infrastructure.

According to information obtained by Bloomberg and CNBC, the bank will also develop its own digital asset/crypto wallet infrastructure. This way, in the future, custody services will be completely under the bank's control.

Published: September 23, 2025 17:09Last Updated: September 23, 2025 17:14

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments