Morgan Stanley Applies to OCC to Form Crypto-Focused National Trust Bank in NY

Morgan Stanley has applied to the U.S. Office of the Comptroller of the Currency to establish Morgan Stanley Digital Trust National Association, a crypto-focused national trust bank headquartered in Purchase, NY. The proposed institution would operate under a holding company structure with full trust powers, focusing on regulated digital asset custody and trust services. The filing follows Morgan Stanley's broader crypto expansion, including Bitcoin ETF applications, plans for a crypto wallet, and enabling crypto trading access for ETrade clients later this year.