Morgan Stanley CEO Ted Pick has signaled the bank’s interest in expanding its involvement in cryptocurrencies, provided regulatory conditions allow.
Speaking at the World Economic Forum in Davos, Pick stressed the importance of balancing innovation with compliance, noting that Morgan Stanley is working with U.S. regulators to explore safe ways to engage in the crypto market.
Morgan Stanley has been a leader among traditional banks in crypto adoption, becoming the first to offer Bitcoin investment funds to wealthy clients in 2021 and later introducing Bitcoin ETFs. However, regulatory restrictions still prevent banks from directly holding cryptocurrencies, a limitation echoed by Goldman Sachs CEO David Solomon, who highlighted the need for clearer guidelines.
Pick also commented on Bitcoin’s resilience, suggesting its longevity and growing acceptance could mark a turning point for the crypto industry. Meanwhile, Bank of America CEO Brian Moynihan expressed readiness to embrace digital assets, citing the bank’s extensive blockchain patents as evidence of its preparedness.
As regulatory clarity improves, institutions like Morgan Stanley are positioning themselves to integrate digital assets into traditional finance, signaling a potential shift in the banking industry’s approach to cryptocurrency.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.