In a major move to bridge traditional finance with digital assets, global banking giant Morgan Stanley is set to launch its first proprietary cryptocurrency wallet in November 2026. The wallet will be offered exclusively to the bank's wealth management clients in the United States, marking a significant step in institutional crypto adoption.
The wallet will provide direct custody and management of cryptocurrencies, allowing clients to hold assets like Bitcoin (BTC) and Ethereum (ETH) alongside traditional investments such as stocks and bonds within a single, unified interface. This integration offers a real-time, holistic view of a client's total portfolio.
Security is a cornerstone of the initiative. The wallet will utilize multi-party computation (MPC) technology to split private key control across multiple secure systems, eliminating single points of failure. Furthermore, Morgan Stanley will partner with a regulated custodian to safeguard assets, ensuring adherence to institutional risk and compliance standards.
The launch is part of a broader crypto push by the bank in 2026. Morgan Stanley also plans to unveil crypto trading on its ETrade platform before the end of the first half of the year. This expansion positions the $1.8 trillion asset management behemoth to compete directly with crypto-native platforms like MetaMask and other traditional finance rivals such as Fidelity and JPMorgan.
This accelerated adoption follows cumulative regulatory clarity in the United States, including the enactment of the Genius Act and the end of 'Operation Choke Point 2.0'. Morgan Stanley has already filed with the SEC for both a Bitcoin Trust and a Solana Trust, signaling a firm commitment to building secure, regulated Web3 products.
