MORGAN STANLEY JUST DOUBLED DOWN ON CRYPTO
Morgan Stanley -- one of the world’s largest wealth managers with ~$9.3 trillion in client assets -- is reportedly filing for a national trust bank charter to directly custody digital assets and potentially offer staking.
If approved, the move would push the firm beyond simple crypto access and into bank-grade custody and yield infrastructure, giving Wall Street deeper control over the digital asset stack.
From a market structure lens, this follows the institutional playbook:
Access -> Custody -> Staking/yield -> Full Integration
When a platform this large starts building regulated crypto plumbing, even small client allocation shifts can translate into meaningful capital flows.
This isn’t experimentation, core Wall Street infrastructure is moving on-chain.
