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Morgan Stanley has applied for a de novo national trust bank charter.
Morgan Stanley has applied for a de novo national trust bank charter focused on digital assets.
KEY POINTS
- The new entity, Morgan Stanley Digital Trust, will offer crypto custody and staking services.
- This is Morgan Stanley’s first trust charter application aimed specifically at cryptocurrency activity.
- Morgan Stanley is concurrently expanding its crypto team and pursuing spot Bitcoin, Solana, and staked Ether ETFs.
- Other major firms, including Stripe's Bridge and Payoneer, also recently applied for national trust bank charters.
COMPANIES
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