Morgan Stanley explains five reasons why the company remains bullish on cryptocurrencies
American financial giant Morgan Stanley has made important forecasts regarding the future of crypto assets.
Amy Oldenburg, Head of Digital Asset Strategy at the company, detailed the firm’s approach to cryptocurrencies and its outlook through 2026 in an interview.
First, it was stated that tokenization is not the end goal, but rather a foundation for larger financial structures. According to Oldenburg, simply moving assets onto the blockchain is not enough; real value will come from the emergence of 24/7 markets, faster collateral movement, programmable financial products, and next-generation financial workflows. In this process, it is emphasized that the financial system will not only integrate cryptocurrencies but will eventually be rebuilt around crypto infrastructure.
Second, it was noted that institutional firms are now shifting to public networks instead of private blockchains. In particular, networks such as Ethereum and Solana have become shared platforms for stablecoins, tokenized equities, and real-world assets (RWA). This shift means institutional investors prefer integrating into existing blockchain ecosystems rather than building their own infrastructure.
Third, asset managers are beginning to view cryptocurrencies not just as an investment product but as an integral part of portfolio construction. The MSBT ETF launched by Morgan Stanley on April 8, 2026, is a clear example of this transformation. The firm is also developing new products in areas such as altcoin access, direct trading, yield-focused products, and DeFi solutions. However, it is noted that this expansion is progressing gradually due to regulatory and infrastructure constraints.
Fourth, attention was drawn to the prediction that investors will directly own crypto wallets in the future. Oldenburg stated that Morgan Stanley clients will eventually be able to hold tokenized assets directly in their own wallets. Under this model, investment portfolios will not be confined to internal systems but will become portable across different networks and interact with smart contracts.
Finally, it was noted that digital assets are increasingly being viewed as foundational infrastructure for the financial system. Morgan Stanley has reportedly moved cryptocurrencies from the research phase into integration across its core business lines, including institutional securities, asset management, and wealth management.
See also: "Bitcoin rebounds above $77K amid rising stock markets"
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