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The financial giant from the USA, Morgan Stanley, is taking another step towards integrating digital assets into its structure. The company has submitted a request to the Office of the United States Comptroller of the Currency (OCC) for permission to create a trust bank that will specialize in working with cryptocurrencies.

If the request is approved, the new organization will start functioning as a subsidiary and offer customers a full range of services related to digital tokens, including storage, purchase, sale, transfers and exchange. This information is contained in the documents submitted for obtaining a license.

But Morgan Stanley's plans are not destined to be limited. The application also mentions the bank's intention to engage in staking within the framework of trust management. This means that customers will be able to transfer their assets to participate in the confirmation of transactions in Proof-of-Stake networks, thus receiving additional income, and the managing party will charge a percentage for its services.

The management of Morgan Stanley explains this decision by the fact that a significant part of their clients' crypto assets are now held by external providers, that is, outside the control of the financial group. Creating your own cryptobank will not only allow you to regain control of these assets, but also expand the offerings for wealthy and institutional investors.

Morgan Stanley's moves are in line with a general trend among large banking institutions in the United States. A study by River showed that more than half of the top 25 American banks either already provide crypto services or plan to launch them. Morgan Stanley itself is currently experimenting with trading digital currencies in a test mode for selected clients.