Morgan Stanley Is First Big Bank Offering Bitcoin to Wealthy Clients

Three funds led by Galaxy Digital, FS Investments and NYDIG will give bank customers access to the leading digital asset.

Listen or watch all the new CoinDesk podcast episodes wherever you want.

ABOUT

Three funds led by Galaxy Digital, FS Investments and NYDIG will give bank customers access to the leading digital asset.

This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM.

Download this epsode

Today on the Brief:

What markets want from the Federal Reserve’s FOMC meeting
eToro’s $10B SPAC
The latest on Coinbase’s IPO

Our main discussion: Morgan Stanley set to become the first big bank to offer wealthy clients access to bitcoin.

In this episode, NLW breaks down this breaking news, including:

Restrictions on the fund in terms of who can buy and how much they can spend
Background of the firms partnering with Morgan Stanley
Why the direct bitcoin exposure is a sea change for institutional investors offering bitcoin products

Image credit: Daniel Acker/Bloomberg/Getty Images

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.