Morgan Stanley partners with Zero Hash to offer cryptocurrency services to E*Trade clients

BlockBeats News, September 23, Morgan Stanley is partnering with cryptocurrency infrastructure provider Zero Hash and plans to allow E*Trade (an online securities brokerage for individual investors) clients to trade popular cryptocurrencies starting from the first half of next year. According to Jed Finn, Head of Wealth Management at Morgan Stanley, the company will initially support Bitcoin, Ethereum, and SOL. Allowing clients to directly trade cryptocurrencies is only the "first phase"; next, the company will also build a comprehensive wallet solution for clients.

"The underlying technology has proven effective, and blockchain-based infrastructure will clearly exist for the long term," Finn said in an interview. "Clients should be able to access digital assets, traditional assets, and cryptocurrencies within the ecosystem they are familiar with at the same time."

This partnership marks that major banks are accelerating their layout in the digital asset field after a significant shift in U.S. regulatory policy (driven by President Trump after taking office earlier this year). Bloomberg reported in May this year that Morgan Stanley is formulating plans to incorporate cryptocurrency trading into the E*Trade platform, and other companies, including a certain exchange, have also announced similar plans.