Morgan Stanley Pursues National Trust Bank Charter for Crypto Custody and Staking

Morgan Stanley has applied to the Office of the Comptroller of the Currency (OCC) for a national trust bank charter to establish a new entity dedicated to digital asset custody and offering cryptocurrency trading and staking services to its investment clients.

The proposed bank will be headquartered in Purchase, New York, with operations spanning across the United States. This move signifies a strategic expansion by the financial giant into the burgeoning digital asset market, aiming to provide institutional-grade services for cryptocurrencies.

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