Buy CryptoMarketsSpotFuturesUSOILEarnEvent Center
More
Gold vs Crypto
Morgan Stanley has been delving further into crypto. Credit: Shutterstock.Morgan Stanley has been delving further into crypto. Credit: Shutterstock.

Morgan Stanley files for bank charter to custody crypto

Author: DL News
Source: DL News
2026/03/01 06:22
2 min read
Lorenzo Protocol
BANK$0.04004+3.35%
For feedback or concerns regarding this content, please contact us at [email protected]

Wall Street giant Morgan Stanley has applied for a de novo national trust bank charter to allow it to custody crypto.

A filing submitted to the Office of the Comptroller of the Currency this week shows that the New York-based bank filed for an entity called the Morgan Stanley Digital Trust. Bloomberg first reported the news.

The filing comes as a number of crypto-native companies file to get banking licences. Morgan Stanley, a titan in the world of traditional finance, has delved deeper into the crypto world in recent years.

Morgan Stanley did not immediately respond to questions from DL News.

Morgan Stanley’s moves

Morgan Stanley has been making big crypto moves for years now. It started in 2021 offering wealthy clients exposure to Bitcoin via funds such as those by Galaxy Digital.

The bank’s CEO and Chairman Ted Pick said last year that the bank was working with regulators to see how they could offer crypto safely.

Morgan Stanley also started working with stablecoin infrastructure firm Zerohash in 2025 to allow clients on its online brokerage platform to trade Bitcoin, Ethereum and Solana.

And last month, the bank filed to debut its own Bitcoin and Ethereum exchange-traded funds.

Top Wall Street firms have been pushing further into the world of crypto since Donald Trump, who received support and financial banking from digital asset entrepreneurs, became president.

What’s with the banking licence?

Top crypto firms like Coinbase and Trump-backed crypto company World Liberty Financial have also applied to the OCC for a banking licence.

The regulator has also given conditional approval to the likes of Crypto.com, Ripple, Circle, BitGo and others.

Such a licence would allow crypto firms like exchanges to custody assets and move money for customers in the way a traditional bank would.

Morgan Stanley’s move shows that Wall Street giants are also keen on being able to custody digital assets.

Mathew Di Salvo is a news correspondent with DL News. Got a tip? Email at [email protected].

Market Opportunity
Lorenzo Protocol Logo
Lorenzo Protocol Price(BANK)
$0.04004
$0.04004$0.04004
+1.29%
USD
Lorenzo Protocol (BANK) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

Polygon Tops RWA Rankings With $1.1B in Tokenized Assets

The post Polygon Tops RWA Rankings With $1.1B in Tokenized Assets appeared on BitcoinEthereumNews.com. Key Notes A new report from Dune and RWA.xyz highlights Polygon’s role in the growing RWA sector. Polygon PoS currently holds $1.13 billion in RWA Total Value Locked (TVL) across 269 assets. The network holds a 62% market share of tokenized global bonds, driven by European money market funds. The Polygon POL $0.25 24h volatility: 1.4% Market cap: $2.64 B Vol. 24h: $106.17 M network is securing a significant position in the rapidly growing tokenization space, now holding over $1.13 billion in total value locked (TVL) from Real World Assets (RWAs). This development comes as the network continues to evolve, recently deploying its major “Rio” upgrade on the Amoy testnet to enhance future scaling capabilities. This information comes from a new joint report on the state of the RWA market published on Sept. 17 by blockchain analytics firm Dune and data platform RWA.xyz. The focus on RWAs is intensifying across the industry, coinciding with events like the ongoing Real-World Asset Summit in New York. Sandeep Nailwal, CEO of the Polygon Foundation, highlighted the findings via a post on X, noting that the TVL is spread across 269 assets and 2,900 holders on the Polygon PoS chain. The Dune and https://t.co/W6WSFlHoQF report on RWA is out and it shows that RWA is happening on Polygon. Here are a few highlights: – Leading in Global Bonds: Polygon holds 62% share of tokenized global bonds (driven by Spiko’s euro MMF and Cashlink euro issues) – Spiko U.S.… — Sandeep | CEO, Polygon Foundation (※,※) (@sandeepnailwal) September 17, 2025 Key Trends From the 2025 RWA Report The joint publication, titled “RWA REPORT 2025,” offers a comprehensive look into the tokenized asset landscape, which it states has grown 224% since the start of 2024. The report identifies several key trends driving this expansion. According to…
Share
BitcoinEthereumNews2025/09/18 00:40
Why Is Crypto Market Up Today? 5 Key Reasons Behind the Rally

Why Is Crypto Market Up Today? 5 Key Reasons Behind the Rally

The post Why Is Crypto Market Up Today? 5 Key Reasons Behind the Rally appeared on BitcoinEthereumNews.com. The crypto market is rallying today, with Bitcoin climbing
Share
BitcoinEthereumNews2026/03/11 04:47
Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market

Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market

TLDR Chris Burniske predicts that price flows will start driving crypto market narratives. Burniske foresees underperforming cryptocurrencies gaining more attention. Coinbase predicts growth in Q4 2025 driven by positive macroeconomic factors. Tom Lee suggests Bitcoin and Ethereum could benefit from potential Fed rate cuts. A major shift is looming in the cryptocurrency market, according to [...] The post Chris Burniske Forecasts Big Changes Coming to Cryptocurrency Market appeared first on CoinCentral.
Share
Coincentral2025/09/18 00:17