Morgan Stanley Tests Blockchain
Morgan Stanley establishes a new digital asset lab to test blockchain applications.
Anonymous
Morgan Stanley has established a Digital Asset Lab to test blockchain applications, including stablecoin payments, tokenization and decentralized finance, according to reports citing Bloomberg. The firm’s market-innovation chief said the work may also explore tokenized deposits, central bank digital currencies, money-market funds and DeFi tools that automate investment strategies. The lab is part of Morgan Stanley’s existing innovation network, allowing employees to investigate new technologies apart from the bank’s core systems. The initiative builds on the firm’s broader expansion into digital assets, including crypto investment products, trading on E*TRADE and a money-market fund designed for stablecoin reserves.
Key Points
1
Amy Oldenburg became Morgan Stanley’s head of digital-asset strategy in January, with a mandate to integrate blockchain capabilities across wealth management and institutional operations.
2
Morgan Stanley filed in February for a national trust bank charter under the name Morgan Stanley Digital Trust; the filing would enable it to provide digital-asset custody, staking and trading directly.
3
The firm’s ether and solana exchange-traded products were reported to charge a 0.14% fee and pass staking rewards through to investors.
4
Morgan Stanley partnered with Zerohash to support spot bitcoin, ether and solana trading on E*TRADE, and planned to introduce a proprietary digital wallet later in the year.
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