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Morgan Stanley plans to expand its custody and trading services at Bitcoin and explore income and lending businesses
Svmuu News: Amy Oldenburg, Morgan Stanley’s new head of digital asset strategy, said the firm plans to offer clients Bitcoin custody and trading services. Morgan Stanley currently manages nearly $9 trillion in client assets.At the “Enterprise Bitcoin” conference in Las Vegas, Oldenburg also mentioned that revenue-generating and lending services related to Bitcoins are under discussion and exploration. She noted that these business directions are part of the firm’s digital asset strategy roadmap, though the overall initiative remains in its early stages. (Decrypt)
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