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Morgan Stanley plans to launch Bitcoin custody, trading, yield, and lending services
ChainCatcher reports that, according to Decrypt, Wall Street giant Morgan Stanley manages nearly $9 trillion in client assets. Its new Head of Digital Asset Strategy, Amy Oldenburg, stated that the company wants clients to custody and trade Bitcoin on its platform. When asked whether the bank also intends to offer Bitcoin-based yield and lending services, she expressed strong support.
She told Strategy CEO Phong Le at the “Enterprise Bitcoin Conference” in Las Vegas on Wednesday: “These are part of the discussions and explorations, and they are a natural part of Morgan Stanley’s roadmap. I believe we are still in very early stages in this area.”