According to ME News, on April 12 (UTC+8), Amy Oldenburg, Head of Digital Assets Strategy at Morgan Stanley, stated that the bank is evaluating its next steps in its cryptocurrency roadmap, with tokenized money market funds being a “clear path forward.” Additionally, Morgan Stanley may explore tax-loss harvesting strategies for digital assets through its subsidiary Parametric, and is researching yield and lending services based on Bitcoin. Previously, in January, Morgan Stanley filed applications for Ethereum and Solana ETFs, with a fee ratio of 0.14% for its spot Bitcoin ETF. The bank currently manages $9.3 trillion in client assets and employs over 15,000 wealth advisors. (Source: Foresight News)
Morgan Stanley Considers Tokenized Money Market Fund and Explores Crypto Tax and Lending Services
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Summary
Morgan Stanley’s digital assets strategist Amy Oldenburg said the bank is considering a tokenized money market fund as a "clear path forward." The firm may also explore tax-loss harvesting through Parametric and research Bitcoin-based lending. The bank submitted ETF applications for Ethereum and Solana in January and closely tracks the crypto market. Morgan Stanley’s Bitcoin spot ETF charges 0.14%. The firm manages $930 billion in assets and employs over 15,000 wealth advisors.
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