Key facts
- Morgan Stanley has launched a Digital Asset Lab to explore blockchain technologies.
- The lab will test stablecoins, tokenization, and decentralized finance (DeFi) applications.
- The initiative is part of the bank's existing network of innovation labs.
- Morgan Stanley previously launched a spot Bitcoin ETF and gained approval for Ethereum and Solana ETFs.
- The bank also launched the Stablecoin Reserves Portfolio money market fund.
Morgan Stanley has established a Digital Asset Lab to explore and test blockchain technologies, including stablecoins, tokenization, and decentralized finance (DeFi) applications. This initiative is part of the Wall Street bank's broader strategy to deepen its engagement with the crypto industry.
The Digital Asset Lab operates within Morgan Stanley's existing network of innovation labs, allowing employees to experiment with emerging technologies without impacting the bank's core systems. Megan Brewer, who heads market innovation and labs at the firm, stated that the lab will investigate tokenized deposits, central bank digital currencies (CBDCs), money-market funds, and DeFi vaults designed for automated, round-the-clock investment strategies.