Major banks are expanding custody, staking, and tokenization plans even as crypto prices stagnate, underscoring Wall Street’s long term institutional push.

Prices still feel heavy, but institutions are not backing away from crypto. If anything, they are building deeper rails while the market is down.

Morgan Stanley has filed for a de novo national trust bank charter that would let it custody digital assets and also offer staking and trading to investment clients. The application from Morgan Stanley Digital Trust was filed with the Office of the Comptroller of the Currency on…