Morgan Stanley is accelerating its bitcoin and crypto strategy, but the bank’s digital asset head says it’s the result of years of preparation, not a sudden rush to catch up.

Speaking at the Digital Asset Summit on Tuesday, Amy Oldenburg emphasized that Wall Street’s move into digital assets reflects a long-term effort to modernize financial infrastructure. “We’ve been on a journey around the entire modernization of financial infrastructure for years,” she said, rejecting the idea that banks are acting out of fear of missing out.

Morgan Stanley has expanded beyond indirect crypto exposure, such as wealthy client bitcoin funds, to offer spot ETFs on its E*Trade…

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