Crypto
Morgan Stanley partners with Galaxy Digital on crypto lending and ETP conversion
Morgan Stanley Wealth Management has launched a service that allows high-net-worth clients to lend cryptocurrencies to Galaxy Digital and receive stakes in spot cryptocurrency exchange-traded products (ETPs). Customers can convert bitcoin, ether and solana into ETPs without cashing out, Morgan Stanley said. It said onboarding time can be cut by up to 75 percent. Galaxy lowered the minimum transaction amount for Morgan Stanley-referred clients to $5 million from $25 million.
