Morgan Stanley Wealth Management partners with Galaxy Digital, allowing eligible high-net-worth clients to lend cryptocurrencies such as Bitcoin, Ethereum, Solana, and others to Galaxy, and receive spot crypto ETP shares through in-kind conversion without needing to liquidate the assets first. Both parties stated that this mechanism can reduce the process time for transferring crypto assets into ETPs by up to 75%, and Galaxy will lower the minimum lending transaction size for Morgan Stanley-referred clients from $25 million to $5 million. (The Block)

BTC-4.01%
ETH-10.62%
SOL-8.23%
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0xLateAgain
· 1h ago
Solana is also on the list; institutional recognition has indeed increased.
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GasFeesForNightRuns
· 3h ago
The 5 million threshold is still too high; retail investors continue to watch.
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GateUser-6bc62511
· 3h ago
Morgan Stanley + Galaxy, the alliance between Wall Street old money and the new crypto elite is becoming more and more natural.
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BridgeUnderTheMoonlight
· 3h ago
Cutting the time by 75% is really great—traditional finance efficiency is finally catching up with crypto.
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SpiralCandlestickCollecting
· 4h ago
实物转换省掉变现环节,税务处理会不会更复杂?
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