- Morgan Stanley seeks a blockchain engineer to connect Hyperledger, Polygon, Canton, and Ethereum across its projects.
- Bitcoin miners TeraWulf and Cipher pivot to AI data centers, boosting value and landing long-term deals with Google and Amazon.
- Morgan Stanley plans crypto ETFs for bitcoin and Solana, offering safer, easier access to digital assets for investors.
Morgan Stanley is expanding its blockchain strategy, seeking a software engineer to manage integrations across multiple chains. The role will oversee projects involving Hyperledger, Polygon, Canton, and Ethereum, with compensation up to $150,000 annually.
As per the job post, it requires expertise to design interoperable systems that can effectively interconnect various blockchain chains. Apart from this, it is also an indication of the bank’s increased focus on further integrating blockchain technology into its financial system.
Frank Chaparro of X also discussed this opportunity, stating that Morgan Stanley plans to utilize this chain to simplify transactions, smart contracts, and data security. Moreover, it is an indication of the bank’s willingness to innovate within traditional finance and blockchain technology. Thus, it is an indication of the mainstream adoption of blockchain technology.
Bitcoin Miners Pivot to AI Data Centers
Meanwhile, two bitcoin mining firms with high upside potential, according to Morgan Stanley analysts, are TeraWulf and Cipher Mining. The run-up has little to do with cryptocurrency price forecasts. Instead, they are repurposing their mining assets into AI data centers.
The price of TeraWulf and Cipher Mining stocks, or their equity value per watt, has increased from $7 to $18 between June and December 2025, owing to the increase in demand for AI computing power. Consequently, they have secured long-term contracts with hyperscalers, including Google and Amazon.
Analyst Stephen C. Byrd, highlighted the repeated success of TeraWulf in repurposing power infrastructure into data centers, which has high growth potential. Cipher Mining, with an experienced construction team, has also secured several contracts with long tenures of over a decade.
However, there are execution risks, including delays or cost overruns, which could result in higher capital requirements, thus diluting shareholder value. Moreover, hyperscalers could decrease their investment in AI, but recent news points to the contrary.
Crypto ETFs and Market Legitimacy
To this end, Morgan Stanley has filed an application with the SEC to launch ETFs that track the prices of bitcoin and Solana last month. The ETFs provide investors with an opportunity to invest in cryptocurrency markets securely and with ease.
Bryan Armour of Morningstar said, “A bank entering the crypto ETF market adds legitimacy to it, and others could follow.” ETFs could also provide Morgan Stanley with an opportunity to acquire clients in the digital asset market even when it is late to market.