- Morgan Stanley applied for a banking licence so it can custody crypto.
- The bank has dived deeper into the digital asset space in recent years.
- A number of crypto companies have applied for banking licences.
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…
