Morgan Stanley Lets Wealth Clients Lend Crypto for $5 Million ETP Access via Galaxy
Updated
Updated · Markets Media · Jun 5
Morgan Stanley Lets Wealth Clients Lend Crypto for $5 Million ETP Access via Galaxy
3 articles · Updated · Markets Media · Jun 5
Summary
Morgan Stanley Wealth Management launched a referral arrangement with Galaxy Digital that lets eligible clients lend cryptocurrencies and receive spot-crypto ETP shares, including the Morgan Stanley Bitcoin Trust.
Galaxy will cut the minimum transaction size for Morgan Stanley-referred clients to $5 million from $25 million, widening access for qualified investors using the program.
Onboarding for these transactions now can take more than four weeks; Morgan Stanley said the new setup may reduce that timeline by as much as 75% in some cases.
Under the model, clients lend assets such as Bitcoin, Ether or Solana to Galaxy, which then coordinates in-kind ETP share creation with an authorized participant and delivers the shares to the client account.
Morgan Stanley framed the arrangement as a way to fold digital assets into traditional portfolios more efficiently, with margin and lending capabilities, as Wall Street pushes deeper into crypto-linked wealth products.