Morgan Stanley Seeks Digital Asset Trust Bank Charter

Morgan Stanley has made a significant move in the world of cryptocurrency by applying to establish a dedicated digital asset trust bank. The proposed entity, Morgan Stanley Digital Trust, National Association (MSDTNA), would be a nationally chartered trust bank focused on custody services for crypto assets.

The new bank would operate under a regulated structure and hold digital assets on behalf of clients, conducting activities such as buying, selling, swapping, and transferring tokens to support investment strategies. This move is part of Morgan Stanley's efforts to expand its digital assets division and provide compliant infrastructure for digital asset services.