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