Morgan Stanley applies for a banking license to custody crypto assets

LootboxPhobia · 2026-02-27T23:33:44+00:00

Morgan Stanley applies for a national trust bank license to custody digital assets, planning to offer trading and staking services to investment clients. The bank has recently expanded its digital asset business, appointed a new leader, and applied for a crypto fund, collaborating to enable clients to trade digital assets.

LootboxPhobia

2026-02-27 23:33:44

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Investing.com - According to a document submitted to the U.S. Office of the Comptroller of the Currency on February 18, Morgan Stanley (NYSE: MS) has applied for a national trust bank license to custody digital assets.

The bank plans to use this entity to conduct transactions and provide staking services for its investment clients. The main office of this business will be located in Poughkeepsie, New York, serving clients nationwide.

Morgan Stanley has been expanding its digital asset business in recent months. In January, the company appointed Amy Oldenburg as Head of Digital Asset Strategy.

The bank also applied for Bitcoin, Ether, and Solana exchange-traded funds in January. Morgan Stanley partnered with Zerohash to enable ETrade clients to trade digital assets starting this year.

Wall Street firms have been seeking to expand their influence in the cryptocurrency market. Cryptocurrency and fintech companies are also applying for national trust bank licenses.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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