Morgan Stanley Wealth Management and Galaxy Digital have entered a referral arrangement that will allow eligible high-net-worth clients to lend crypto assets to Galaxy in exchange for shares in spot crypto exchange-traded products. The arrangement covers cryptocurrencies including bitcoin, ether, and solana. It also includes access to the recently launched Morgan Stanley Bitcoin Trust, adding another route for wealthy clients to move crypto exposure into regulated investment vehicles without first selling their tokens for cash. The structure is designed to reduce friction in crypto-to-ETP onboarding. According to the ... (full story)