Morgan Stanley applies for a cryptocurrency custody license

CycleProphet · 2026-02-28T02:26:24+00:00

Morgan Stanley applies for a "de novo" national trust bank license from the U.S. Office of the Comptroller of the Currency, planning to establish a subsidiary called "Morgan Stanley Digital Trust," aimed at providing digital asset custody, trading, and staking services for clients, indicating its accelerated expansion into the cryptocurrency market.

CycleProphet

2026-02-28 02:26:24

Abstract generation in progress

Deep Tide TechFlow News, February 28, according to Cointelegraph, Wall Street banking giant Morgan Stanley has applied to the Office of the Comptroller of the Currency (OCC) for a “de novo” national trust bank license, planning to establish a subsidiary called “Morgan Stanley Digital Trust” to support client digital asset custody, trading, and staking services. This move is an important step in the bank’s recent acceleration into the crypto space, as Morgan Stanley has previously applied to launch Bitcoin, Ethereum, and Solana ETFs.

BTC-3.59%

ETH-5%

SOL-6.15%

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