Morgan Stanley has applied for a special license to establish a "newly chartered national trust bank," as reported by Bloomberg. This entity is intended to provide custody services for digital assets. According to application documents submitted to the U.S. Office of the Comptroller of the Currency (OCC) on February 18, the proposed bank will also facilitate digital asset trading and staking services for the firm's investment clients. The institution is slated to be headquartered in Purchase, New York, with operations extending nationwide.

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