PANews reported on April 17th that, according to The Block, Morgan Stanley's Head of Digital Asset Strategy, Amy Oldenburg, stated that cryptocurrency is transitioning from a fringe business to a core operation, "beginning to become part of daily operations." She took the position in February of this year, responsible for integrating digital asset strategy and execution within the institutional wealth and asset management division, aiming to integrate crypto and tokenization into existing infrastructure.

Oldenburg points out that wallet infrastructure, custody, data sources, and compliance systems are undergoing comprehensive upgrades, but the integration of traditional financial systems with blockchain settlement remains a major challenge, particularly given the incomplete definition of regulations related to tokenization and stablecoins. She believes tokenization is a mechanism for value creation, not an end in itself, and scalability is the current constraint. Morgan Stanley is gradually expanding its clients' access to crypto assets, starting with Bitcoin ETPs and extending to a wider range of products and digital wallets. The bank's MSBT Bitcoin ETF, launched last week, surpassed $100 million in size within its first six days.