Morgan Stanley Wealth Management has partnered with Galaxy Digital to offer a new referral capability enabling eligible clients to convert their existing cryptocurrency holdings, such as Bitcoin and Ether, into shares of spot crypto ETPs, including its own Bitcoin Trust, through an efficient in-kind creation process.
This partnership will reduce the barrier to entry by reducing the minimum transaction amount from $25 million to $5 million.
It will also reduce the processing time by as much as 75%, which allows digital assets to be added to regular brokerage accounts more smoothly.
On June 5, Morgan Stanley Wealth Management, a leading American multinational investment bank and financial services company, announced the launch of its in-kind referral partnership with Galaxy Digital.
This agreement is expected to introduce a way for eligible clients to use in-kind creation for spot cryptocurrency exchange-traded products (ETPs).
Under this setup, clients will be able to
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