$1.8T asset manager Morgan Stanley says it plans to launch its own crypto wallet by the end of 2026. Per a Thursday Barron’s report, the banking giant is planning to roll out the crypto wallet in line with various other crypto products this year.
The wallet, expected to launch in the second half of 2026, is designed to support tokenized assets ranging from traditional investments to private-company equity, Barrons says. The initiative is part of a broader strategy that also encompasses workplace financial services and private-market investing. Jed Finn, head of Morgan Stanley Wealth Management, confirmed the big plans for JP and the digital asset industry.
The Morgan Stanley crypto wallet will be specifically designed to support tokenized assets, allowing clients to manage and transact with a range of digital securities, from traditional investments to private company equity. The wallet will allow Morgan Stanley to act as the direct custodian for clients’ digital assets, integrating them into the same managed environment as their traditional assets.
As more institutions welcome cryptocurrency into traditional finance, firms like Morgan Stanley are openly discussing adding crypto products to their offerings. Morgan Stanley, however, would be the first and biggest firm to launch its own wallet. Furthermore, due to Morgan Stanley’s sheer size and popularity, the new crypto wallet would instantly be a big competitor to the likes of MetaMask and other crypto wallets.