Morgan Stanley is preparing to unveil its first proprietary crypto wallet in November 2026, specifically designed for its wealth management clientele in the United States. This innovative product will enable clients to have direct custody and management of various cryptocurrencies within the bank”s established investment ecosystem.
The wallet is set to support major digital assets including Bitcoin (BTC) and Ethereum (ETH), among a select few other cryptocurrencies. Clients will benefit from the ability to monitor their crypto holdings alongside traditional assets such as stocks and bonds through a single, integrated interface, offering a comprehensive, real-time overview of their total wealth.
Security will be a paramount focus in the wallet”s design. Utilizing multi-party computation (MPC) technology, the wallet will divide private key control across multiple secure systems, effectively eliminating single points of failure. Additionally, Morgan Stanley plans to collaborate with a regulated custodian to ensure that assets are safeguarded in line with institutional compliance and risk management standards.
The integration of the wallet with existing portfolio management systems will facilitate the management of cryptocurrencies without stepping outside the bank”s regulatory and advisory framework. This direct ownership model is aimed at allowing clients to hold their assets without relying on funds, derivatives, or third-party vehicles.
As Morgan Stanley continues to expand its footprint in the crypto landscape, this wallet launch follows its multiple filings for crypto exchange-traded funds (ETFs) and positions the firm to compete with both crypto-focused platforms and other financial institutions like Fidelity and JPMorgan, which are also evolving to integrate digital assets.
While the initial rollout of the wallet will be exclusive to wealth management clients, it signifies a pivotal step towards mainstreaming cryptocurrencies as a standard aspect of portfolio management. By linking the wallet to its internal analysis and reporting systems, Morgan Stanley aims to provide users with intuitive and accessible views of their exposure, position changes, and performance metrics.
Through this initiative, Morgan Stanley is poised to bring direct ownership of cryptocurrency into its traditional offerings, effectively merging digital and conventional assets into a singular portfolio, bolstering security, and maintaining regulatory compliance with institutional-grade oversight.
