Svmuu News Morgan Stanley's Head of Digital Asset Strategy, Amy Oldenburg, stated that Wall Street's push into the crypto business is not driven by FOMO, but rather the result of years of internal work on modernizing financial infrastructure.
She pointed out that Morgan Stanley is expanding its digital asset strategy into areas such as trading, asset management, and infrastructure. Previously, the bank's related business primarily focused on providing high-net-worth clients with exposure to Bitcoin funds and offering spot Bitcoin ETFs on its E*Trade platform. The bank has also recently filed an application to launch its own spot Bitcoin ETF.
Amy Oldenburg disclosed that Morgan Stanley plans to support tokenized stock trading on its alternative trading system in the second half of 2026. This platform currently handles stocks, ETFs, and American Depositary Receipts. She also emphasized that upgrading decades-old core banking systems, improving system connectivity, and coordinating progress across the global financial network remain major challenges, despite the rising attention on tools like stablecoins and the continued accumulation of institutional-side crypto activity. (CoinDesk)