NYSE:MSCapital Markets
Morgan Stanley (MS) Wins Preliminary Approval For A Digital Asset Trust Bank
Morgan Stanley (NYSE:MS) has received conditional approval from the Office of the Comptroller of the Currency for a national digital-asset trust bank.
The new federally supervised subsidiary is expected to provide digital-asset custody and trading services to clients.
The approval marks a new step for the company beyond its existing wealth management and capital markets offerings.
Morgan Stanley is already a major US bank in wealth management, investment banking, and trading, and this move...