The post Morgan Stanley seeks digital-asset trust bank charter as Wall Street deepens crypto push appeared on BitcoinEthereumNews.com.

Morgan Stanley has officially submitted a proposal for a new national trust bank charter seeking authorization to custody digital assets at a time when Wall Street firms are actively pursuing strategies to enter the crypto market. According to filings published by the US Office of the Comptroller of the Currency (OCC), the investment bank submitted an application to create Morgan Stanley Digital Trust, National Association, a wholly owned subsidiary designed to custody and manage digital assets on behalf of clients. Sources familiar with the situation who wished to remain anonymous, as the talks were private, mentioned that the headquarters will be based in Purchase, New York; however, they stressed that services will be accessible across the US. Meanwhile, the public filing lacks operational clarity but implies a broader strategic scope than simple asset protection. Therefore, if Morgan Stanley’s proposal is approved, analysts anticipate this charter could place the global investment management firm in the same category as other crypto-focused companies seeking federal regulatory approval rather than relying solely on state-level licensing. Morgan Stanley seeks to remain competitive in the crypto industry  Recently, Morgan Stanley has demonstrated heightened interest in the crypto industry. Analysts discovered that the Wall Street investment bank has moved past speculative involvement, opting instead to build its own internal frameworks and specialized crypto products. Some of the crypto-related activities the financial services company embraced this year include submitting an application to list spot Bitcoin and Solana exchange-traded funds (ETFs), disclosing its intention to launch a proprietary digital wallet later in the year, and appointing experienced executive Amy Oldenburg to spearhead its digital asset strategy in a newly established role. Apart from these activities, Morgan Stanley also announced its partnership with Zerohash, which will give ETrade clients the opportunity to trade digital assets this year.  Collectively, these moves…

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Filed under: News - @ February 28, 2026 7:26 am