Morgan Stanley has appointed a new head of digital assets strategy, as per a video by Bloomberg. Details of the new hire’s name and previous experience are yet to be formally disclosed by the U.S. bank.
The banking giant has been leading efforts to integrate with cryptocurrency and is part of Wall Street’s broader movement to roll out services offering ETFs, investment options, or custody services.
It also represents a relaxation of what was once a very hostile attitude towards digital assets, with most business leaders either not talking about cryptocurrency or openly deriding it, such as J.P. Morgan head Jamie Dimon.
Morgan Stanley has a market capitalization of roughly $2 trillion. At the time of writing, its shares were trading at $182.66.
In 2025, Morgan Stanley partnered with startup ZeroHash to offer cryptocurrency trading services on one of its platforms.
According to the Block, Morgan Stanley had a position to oversee its involvement in cryptocurrency called “head of digital asset markets”. The position was held by Andrew Peel, who joined the bank in 2018 but left in 2025 to launch his own startup focused on RWA and tokenization.