Morgan Stanley is advancing its digital asset push with a new crypto wallet under development. The move is part of the bank’s plans for regulated investment products tied to Bitcoin, Ethereum and Solana.
Morgan Stanley Advances Crypto Wallet Strategy
Barron’s has reported that the Wall Street bank, with nearly $9 trillion in assets under management (AUM), is growing its digital asset strategic focus. With the intention to release its own crypto wallet by late 2026.
It is developing the wallet to also provide custody and eventually transaction capabilities for tokenized assets. The offering is for institutional investors and high-net-worth clients.
The wallet connects traditional wealth management to blockchain. It will back tokenized versions of real-world assets in the public and private markets. These have been both traditional securities and private investment structures.
Private Markets Support Digital Asset Strategy
Morgan Stanley has strengthened its ties in private markets to Carta. The partnership enables the firm to provide wealth management services to private company employees. It is also buying EquityZen to offer customers a way to invest in private-company shares.
In an X post, analyst Walter said these action will cut down on private transaction friction. They also streamline liquidity ahead of going public. The approach helps in long-term capital planning across a variety of asset classes.
Morgan Stanley has also filed for ETFs tied to Bitcoin, Ethereum and Solana. These filings reveal a race toward offering exposure to crypto via regulated investment products. The approach aligns digital assets with existing portfolio structures. That offering is likely to come via the E*Trade platform. The bank has lifted limits on how much crypto exposure wealth clients can hold.
The company has also announced in-kind creations and redemptions for its planned Ethereum trust. There are not yet any details released around exchange, trading symbol or custody.
The ETFs are anticipated to launch for eligible investors following receipt of applicable regulatory approvals. Together with the wallet in development, the company is developing an organized crypto framework which will concentrate on compliant access, secured custody and portfolio alignment for long-term.
Source: https://coingape.com/morgan-stanley-to-launch-crypto-wallet-amid-plans-for-btc-etfs/
