Morgan Stanley applies for US national trust bank charter for digital asset business

Photo: Michael M. Santiago

Morgan Stanley applies for US national trust bank charter for digital asset business

Morgan Stanley moves to secure a competitive edge in crypto custody services with trust bank application.

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by Vivian Nguyen | Powered by Gloria

Morgan Stanley has applied to the Office of the Comptroller of the Currency (OCC) to establish a dedicated digital asset trust bank.

According to a filing published on February 27, the proposed entity, Morgan Stanley Digital Trust, National Association (MSDTNA), would operate as a nationally chartered trust bank focused on custody services for crypto assets.

The trust bank, which would be wholly owned by Morgan Stanley Capital Management, plans to hold digital assets on behalf of clients and conduct related activities, such as buying, selling, swapping, and transferring tokens to support investment strategies. The entity would also facilitate staking services on a fiduciary basis.

The leadership team draws from Morgan Stanley’s existing banking subsidiaries. John Ryan would serve as the new trust bank’s chairman and chief executive, with Chad Turner as president and Amanda Kan as chief operating officer.

Morgan Stanley’s wealth management division, which the trust bank would support, has observed substantial crypto holdings among its client base that currently sit outside the firm’s platforms. The new entity could bring those assets in-house under a regulated structure.

Major US financial institutions have accelerated efforts to build compliant infrastructure for digital asset services amid a more favorable regulatory climate under President Trump. Competitors, including BNY Mellon and State Street, have also pursued crypto custody capabilities.

Morgan Stanley is exploring Bitcoin-backed lending and yield products as part of its digital asset roadmap. The bank plans to allow E*Trade customers to trade spot crypto before introducing its own custody and exchange platform.

According to Amy Oldenburg, Morgan Stanley’s head of digital assets, the bank aims to build in-house infrastructure and reduce reliance on third-party technology.

The application comes as Morgan Stanley expands its digital assets division.

LinkedIn job listings first reported by GSR’s Content Head Frank Chaparro show that the firm is hiring for leadership roles such as Digital Assets Strategist and Portfolio Enablement and Governance Lead in New York.

The recruitment effort also emphasizes regulatory and operational depth, with positions including Compliance Officer in Dallas and Operations Strategy Director in New York, roles that support the oversight framework.

BUSINESS

Morgan Stanley applies for US national trust bank charter for digital asset business

Morgan Stanley applies for US national trust bank charter for digital asset business

Morgan Stanley moves to secure a competitive edge in crypto custody services with trust bank application.

by Vivian Nguyen | Powered by Gloria

Share

Add us on Google

Photo: Michael M. Santiago

Morgan Stanley has applied to the Office of the Comptroller of the Currency (OCC) to establish a dedicated digital asset trust bank.

According to a filing published on February 27, the proposed entity, Morgan Stanley Digital Trust, National Association (MSDTNA), would operate as a nationally chartered trust bank focused on custody services for crypto assets.

The trust bank, which would be wholly owned by Morgan Stanley Capital Management, plans to hold digital assets on behalf of clients and conduct related activities, such as buying, selling, swapping, and transferring tokens to support investment strategies. The entity would also facilitate staking services on a fiduciary basis.

The leadership team draws from Morgan Stanley’s existing banking subsidiaries. John Ryan would serve as the new trust bank’s chairman and chief executive, with Chad Turner as president and Amanda Kan as chief operating officer.

Morgan Stanley’s wealth management division, which the trust bank would support, has observed substantial crypto holdings among its client base that currently sit outside the firm’s platforms. The new entity could bring those assets in-house under a regulated structure.

Major US financial institutions have accelerated efforts to build compliant infrastructure for digital asset services amid a more favorable regulatory climate under President Trump. Competitors, including BNY Mellon and State Street, have also pursued crypto custody capabilities.

Morgan Stanley is exploring Bitcoin-backed lending and yield products as part of its digital asset roadmap. The bank plans to allow E*Trade customers to trade spot crypto before introducing its own custody and exchange platform.

According to Amy Oldenburg, Morgan Stanley’s head of digital assets, the bank aims to build in-house infrastructure and reduce reliance on third-party technology.

The application comes as Morgan Stanley expands its digital assets division.

LinkedIn job listings first reported by GSR’s Content Head Frank Chaparro show that the firm is hiring for leadership roles such as Digital Assets Strategist and Portfolio Enablement and Governance Lead in New York.

The recruitment effort also emphasizes regulatory and operational depth, with positions including Compliance Officer in Dallas and Operations Strategy Director in New York, roles that support the oversight framework.