Morgan Stanley, Managing $9 Trillion in Assets, Announces Its Next Move in the Bitcoin Space
American banking giant Morgan Stanley, which manages about $9 trillion in assets, has revealed its plans regarding Bitcoin.
According to Decrypt, Morgan Stanley plans to offer clients specialized custody and trading services for Bitcoin.
At this stage, the bank intends to build a proprietary Bitcoin custody and trading service using its own technology.
Speaking at the Bitcoin for Corporations conference in Las Vegas, Amy Oldenburg, head of digital asset strategy at Morgan Stanley, announced the company’s plan to develop Bitcoin custody and trading solutions using in-house technology.
Oldenburg said the firm intends to create embedded features allowing clients to store and trade Bitcoin directly on the platform.
She described the move as a natural extension of the company’s development strategy.
“We will definitely do this — it’s a natural part of our roadmap.
I think we are just at the beginning of this journey.
We need to build these solutions ourselves because we cannot rely solely on licensed technologies. People trust the Morgan Stanley brand, so reliability must be ensured.”
In addition to custody and trading services for Bitcoin, the bank is also exploring yield and lending products within its crypto strategy.
Recently, Morgan Stanley expanded its digital asset business. Last September, the company announced plans to add trading of Bitcoin, Ethereum, and Solana through its app.
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