Morgan Stanley applies for OCC bank charter to custody crypto

Morgan Stanley has submitted an application for a bank charter with the Office of the Comptroller of the Currency (OCC) to offer cryptocurrency custody services. This move indicates the bank's intention to expand its involvement in the digital asset space, following a growing trend among traditional financial institutions. If approved, the charter would allow Morgan Stanley to provide secure storage solutions for cryptocurrencies, catering to institutional clients. The application reflects the increasing demand for regulated crypto services as more investors seek exposure to digital assets.

Read the full article: Coin Telegraph