Overview
- CFO Sharon Yeshaya used the bank’s quarterly earnings call to describe a future where client assets and liabilities move on blockchain rails.
- She placed tokenization inside core wealth work, citing use cases in client advice, lending and cash management.
- Morgan Stanley launched a spot bitcoin ETF called MSBT about a week ago, a fund that holds bitcoin directly and has traded above its issue price since.
- A pilot with Zero Hash lets select E*Trade clients buy and sell major cryptocurrencies in a limited test.
- The bank said digital assets remain a small slice of its business, yet its wealth unit manages trillions, so even small shifts in its plumbing could reshape how money moves across the industry.