According to Odaily Planet Daily, Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, stated that Wall Street's push into crypto is not driven by FOMO (Fear of Missing Out), 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 primarily 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. Oldenburg disclosed that Morgan Stanley plans to support tokenized stock trading on its alternative trading system in the second half of 2026. This 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 within the global financial network remain major challenges, despite increasing attention on tools such as stablecoins and the continued accumulation of institutional crypto activity. (CoinDesk)
