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Morgan Stanley applies for a cryptocurrency custody license

GateNews
BTC1,54%
ETH1,64%
SOL1,11%

ChainCatcher reports that, according to Cointelegraph, Wall Street banking giant Morgan Stanley has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank license, planning to establish a subsidiary called “Morgan Stanley Digital Trust” to support client digital asset custody, trading, and staking services.

This move is an important step in the bank’s recent acceleration into the crypto space. Previously, Morgan Stanley had also applied to launch Bitcoin, Ethereum, and Solana ETFs.

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