The launch of the new structure testifies to the recognition of the growing importance of digital assets in the global markets, the investment bank noted.
Investment bank Morgan Stanley will set up a new division to do digital asset analytics and study how they affect equity and fixed income markets, Bloomberg reported .
Morgan Stanley noted that the creation of a structure for the study of cryptocurrencies indicates the acceptance of cryptoassets.
“The launch of special studies in the field of cryptocurrencies is a recognition of the growing importance of digital assets in the global markets,” the investment bank said.
The division’s headquarters will be located in London. It will report to James Fawcett and Adam Wood, heads of financial technology and payments think tanks in the US and Europe. The unit will be headed by Sheena Shah.
In June, it became known that Morgan Stanley, together with digital asset management companies New York Digital Investment Group (NYDIG) and FS Investments, will create a Bitcoin fund for its clients.
In March, Morgan Stanley became the first major US bank to allow its clients to invest in cryptocurrency-based instruments. In the spring, the bank’s clients got access to three bitcoin funds.
Read More…
