Morgan Stanley Reportedly Set To Launch ‘Direct Ownership’ of Bitcoin For Clients

Published by

Morgan  Stanley, the American banking giant is reportedly working towards rolling out “Direct Ownership” of Bitcoin for its wealthy clients within their wealth management platform. The set feature is expected to debut in 2-3 weeks’ time. The said report also mentioned the bank is organizing weekly calls to educate its wealth advisors on Bitcoin. A couple of weeks ago, Morgan Stanley had announced Bitcoin Funds for its wealthy investors to help them gain exposure to one of the best-performing assets.

The current inside scoop about Morgan Stanley only adds to the aggressive Bitcoin adoption approach by traditional financial giants. Yesterday, PayPal announced that it would allow US  customers to pay in cryptocurrency while a day before yesterday VISA announced they would allow crypto settlements on their network using USDC and Ethereum network.

Bitcoin has grown from a speculative volatile asset in the eyes of traditional bankers and wealth managers to become the growing choice of the store of value among the very same people. The adoption rate is so high that it seems by the end of this year we won’t only have an SEC-approved Bitcoin ETF, but the majority of financial service providers would add Bitcoin to their product line.

Advertisement

Bitcoin Has Grown From Speculative Asset to a Formidable Financial Future

Bitcoin this bull season seems to have got many skeptics into big-time proponents, who only a year back were pretty confident that it would eventually disappear into oblivion. The top cryptocurrency’s growing price with a decentralized formidable network has made it the growing choice of institutions as an inflation hedge.

The likes of Goldman Sach and Morgan Stanley who were among the skeptics are now actively looking for ways to add more Bitcoin products to their offering. With the diminishing value of US Dollar and Gold, Bitcoin would eventually become a dynamic asset which would offer store of value for Hodlers while people who wants to spend it for daily life purchases can do so by using second-layer solutions in the form of VISA and PayPal.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025
  • 24/7 Cryptocurrency News

SEC Puts Crypto ETF Approvals On Hold Following U.S. Government Shutdown

The U.S. Securities and Exchange Commission has announced plans to streamline its operations amid the…

October 1, 2025
  • 24/7 Cryptocurrency News

Pi Network Adds DEX and AMM Features To Expand Pi Coin’s Utility

Pi Network has now added two new features to its Testnet. These are a decentralized…

October 1, 2025
  • 24/7 Cryptocurrency News

October Fed Rate Cut Odds Rise After Weak U.S. Labor Data, Bitcoin Surges

U.S. private payrolls unexpectedly fell in September, raising market bets that the Federal Reserve will…

October 1, 2025