Morgan Stanley Plans to Select Coinbase and BNY Mellon as Custodians for Its Bitcoin ETF According to CoinDesk, Morgan Stanley filed an S-1 form with the U.S. Securities and Exchange Commission (SEC), disclosing that its planned Morgan Stanley Bitcoin Trust will use Coinbase Custody and The Bank of New York Mellon (BNY Mellon) as bitcoin custodians. Per the filing, the trust will primarily store bitcoin in offline cold storage, with private keys kept offline to minimize hacking risks. BNY Mellon will also serve as the fund administrator, transfer agent, and cash custodian, handling accounting, shareholder records, and cash flows related to ETF transactions. https://t.co/Ei7TeZY6zQ
Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.