Morgan Stanley Seeks National Charter for Digital Asset Trust Bank
- Morgan Stanley has applied to the Office of the Comptroller of the Currency to establish Morgan Stanley Digital Trust, National Association (MSDTNA), a nationally chartered trust bank for crypto asset custody.
- The trust bank will be wholly owned by Morgan Stanley Capital Management and will provide services such as buying, selling, swapping, transferring tokens, and staking on a fiduciary basis.
- Key leadership includes John Ryan as chairman and CEO, Chad Turner as president, and Amanda Kan as COO.
- The initiative aims to bring substantial client-held crypto assets into a regulated structure within Morgan Stanley’s platforms.
- Morgan Stanley is expanding its digital assets division with job openings in compliance and operations strategy roles in New York and Dallas.
Morgan Stanley’s application for a national trust bank charter reflects its strategic move to integrate substantial client-held crypto assets under a regulated framework. The firm is also actively hiring to bolster its digital asset capabilities.
Source (3.2)https://cryptobriefing.com/morgan-stanley-digital-asset-banking/?rand=59535
