Wall Street giant Morgan Stanley has applied for a de novo national trust bank charter to allow it to custody crypto.

A filing submitted to the Office of the Comptroller of the Currency this week shows that the New York-based bank filed for an entity called the Morgan Stanley Digital Trust. Bloomberg first reported the news.

The filing comes as a number of crypto-native companies file to get banking licences. Morgan Stanley, a titan in the world of traditional finance, has delved deeper into the crypto world in recent years.

Morgan Stanley did not immediately respond to questions from DL News.

Morgan Stanley has been making big crypto moves for years now. It started in 2021 offering wealthy clients exposure to Bitcoin…