Morgan Stanley plans to launch Bitcoin custody, trading, yield, and lending services

BTC-1.65%

BlockBeats News, February 27 — According to Decrypt, Wall Street giant Morgan Stanley manages nearly $9 trillion in client assets. Its new Digital Asset Strategy Head, Amy Oldenburg, stated that the company hopes clients can custody and trade Bitcoin on its platform.

When asked whether the bank is also interested in offering Bitcoin-based yield and lending services, she expressed strong support.

She told Strategy CEO Phong Le at the “Enterprise Bitcoin Conference” held in Las Vegas on Wednesday: “These are part of the discussions and explorations, and they are a natural part of Morgan Stanley’s roadmap. I believe we are still in very early stages in this area.”

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