Morgan Stanley Advances Blockchain Infrastructure Goal With Preliminary Bank Approval

Morgan Stanley received preliminary conditional OCC approval to charter a new de novo national trust bank, Morgan Stanley Digital Trust, National Association (MSDTNA). The step is a positive regulatory milestone but is preliminary, so near-term financial impact is likely limited until final approval and operations begin.

Analysis

Morgan Stanley received preliminary conditional OCC approval to charter a new de novo national trust bank, Morgan Stanley Digital Trust, National Association (MSDTNA). The step is a positive regulatory milestone but is preliminary, so near-term financial impact is likely limited until final approval and operations begin.