Morgan Stanley Seeks OCC Charter to Expand Crypto Custody, Staking and Trading

From financefeeds.com

Morgan Stanley has applied for a de novo national trust bank charter that would allow it to custody digital assets, according to reporting from Bloomberg. An application from Morgan Stanley Digital Trust was filed on Feb. 18 with the Office of the Comptroller of the Currency, based on a public listing on the regulator’s website. Bloomberg reported that the bank intends to use the charter not only for custody but also to conduct staking and trading for its investment clients. While the public filing does not include operational details, the scope described suggests a broader institutional offering than passive asset ... (full story)