Morgan Stanley, Managing $9 Trillion, Reveals Its Next Bitcoin (BTC) Move! “We Will Definitely Do It!”

Morgan Stanley, the US banking giant that manages approximately $9 trillion in assets, has revealed its plans for Bitcoin.

According to Decrypt, Morgan Stanley plans to offer specialized Bitcoin custody and trading services for its clients.

At this point, Morgan Stanley plans to create a Bitcoin (BTC) custody and trading service for its clients using its own developed technology.

Speaking at the Bitcoin for Corporations conference in Las Vegas, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, announced that the firm plans to develop Bitcoin custody and trading services using its own technology.

Oldenburg said they have plans to develop built-in capabilities that will allow customers to hold and trade Bitcoin directly within the platform.

Oldenburg described this step as a natural progression in the company’s roadmap, adding that he believes they are only at the beginning of this journey.

“We will absolutely do this; it’s a natural part of our roadmap.”

I think we’re at the very beginning of this journey.

We really need to develop this in-house. We can’t do that just by renting technology. People trust the Morgan Stanley brand. That’s why we must never fail.

Because we are in this position, you have an important responsibility to ensure that you provide this to your customers with technology at every level.”

The Morgan Stanley executive also stated that, in addition to Bitcoin custody and trading services, they are exploring yield and lending services as part of their cryptocurrency roadmap.

Morgan Stanley has recently been expanding its virtual asset business. Last September, it announced plans to offer trading in Bitcoin, Ethereum, and Solana through its E*Trade application.

*This is not investment advice.