In this photograph illustration, the logo for E-Trade, the online trading level owned by Morgan Stanley, is shown connected the company's website connected May 13, 2024 successful Chicago, Illinois.
Scott Olson | Getty Images
Morgan Stanley is months distant from offering crypto trading to retail customers done its E-Trade part arsenic the Wall Street elephantine embraces what it called a transformative infinitesimal for the wealthiness absorption industry.
The steadfast is working with the startup Zerohash — which Morgan Stanley besides took an concern stake successful — for liquidity, custody and colony astir crypto trading, according to a memo obtained by CNBC.
"We are good underway successful preparing to connection crypto trading done a spouse exemplary to E-Trade clients successful the archetypal fractional of 2026," Jed Finn, caput of wealthiness absorption astatine Morgan Stanley, said successful the memo.
Morgan Stanley is besides moving connected a "robust wallet infrastructure" that volition let it to beryllium the custodian of integer assets for it clients, a cardinal portion of its broader strategy, Finn said.
"Offering clients the quality to commercialized crypto is the extremity of the iceberg," Finn said. "We spot immense powerfulness successful the crypto currency space, not conscionable with crypto arsenic an concern for our clients, but besides astir DLT and tokenization much broadly."
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