According to Morgan Stanley CEO Ted Pick, the investment bank is currently exploring possible cryptocurrency-related offerings for its clients.
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Pick has stated that he bank is meeting with US financial regulators to determine how it can offer these services in a secure way.
Morgan Stanley's involvement in digital asset markets began in 2024 with the introduction of Bitcoin ETFs for its clients.
The bank's head of digital asset markets, Andrew Peel, has expressed concern about the impact of central bank digital currencies (CBDCs) and Bitcoin on the US dollar.