Morgan Stanley’s head of digital assets, Amy Oldenburg, said that lending and yield products tied to Bitcoin and other crypto holdings are under exploration as the bank develops a native custody and trading infrastructure.
Morgan Stanley will let E*Trade customers buy and sell spot crypto before the bank rolls out its own custody and exchange solution, Oldenburg confirmed. This would make it one of the first major US banks to offer crypto services in-house.
The executive, who spent 13 years overseeing the bank’s emerging markets business before her current role, emphasized that relying solely on third-party technology was insufficient for an institution of its scale. She noted the firm operates in 17 of the top 20 countries by crypto adoption globally.
Morgan Stanley Investment Management in January filed for Bitcoin, Ethereum, and Solana exchange-traded products.
The bank has also recommended that clients limit Bitcoin exposure to a range of 2% to 4% of portfolio assets.
Source: https://cryptobriefing.com/morgan-stanley-bitcoin-lending-services/
