Morgan Stanley Expands Crypto Strategy With New Wallet and Regulated Digital Asset Products

Morgan Stanley is accelerating its push into digital assets with plans to launch a proprietary crypto wallet, reinforcing its long-term strategy to integrate blockchain technology into traditional wealth management. According to reports, the Wall Street giant, which oversees nearly $9 trillion in assets under management, is developing the wallet with a target release by late 2026. The initiative highlights Morgan Stanley’s growing commitment to offering regulated cryptocurrency investment products tied to major assets such as Bitcoin, Ethereum, and Solana.

The planned crypto wallet is designed primarily for institutional investors and high-net-worth clients. It will initially focus on custody services and is expected to evolve to support transactions and tokenized assets. By bridging traditional finance with blockchain infrastructure, the wallet aims to provide secure access to tokenized versions of real-world assets, including public securities and private market investments. This move positions Morgan Stanley to play a significant role in the expanding market for tokenization, which is increasingly viewed as a way to improve efficiency, transparency, and liquidity across asset classes.

Morgan Stanley’s digital asset strategy is also closely linked to its growing presence in private markets. The firm has strengthened its partnership with Carta to deliver wealth management solutions to private company employees and is in the process of acquiring EquityZen. This acquisition will allow Morgan Stanley clients to gain exposure to private company shares, further reducing friction in private transactions and improving liquidity options ahead of public listings. Analysts note that this integrated approach supports more effective long-term capital planning across both traditional and digital assets.

In parallel, Morgan Stanley has filed for exchange-traded funds (ETFs) linked to Bitcoin, Ethereum, and Solana, signaling its intent to expand regulated crypto exposure for eligible investors. These products are expected to be offered through the E*Trade platform, following regulatory approval. The bank has also announced plans for in-kind creations and redemptions for its proposed Ethereum trust, although details on trading venues and custody arrangements have yet to be disclosed.

Together, the upcoming crypto wallet and ETF offerings demonstrate Morgan Stanley’s efforts to build a compliant, secure, and scalable crypto framework. By aligning digital assets with existing portfolio structures, the firm is positioning itself at the forefront of institutional crypto adoption and regulated blockchain-based investment solutions.