Morgan Stanley applies for OCC bank charter to custody crypto

Morgan Stanley has submitted an application for a bank charter from the Office of the Comptroller of the Currency (OCC) to offer cryptocurrency custody services. This move positions the investment bank to expand its offerings in the growing digital asset market. If approved, the charter would allow Morgan Stanley to hold and safeguard cryptocurrencies on behalf of its clients. The application reflects the increasing interest from traditional financial institutions in entering the cryptocurrency space.

Read the full article: Coin Telegraph

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