- Morgan Stanley Wealth Management has partnered with Galaxy Digital to offer a new capability that enables eligible clients to convert their existing cryptocurrencies, such as Bitcoin and Ether, into shares of crypto-based ETPs, including its Bitcoin Trust, through a streamlined transaction process.
- The deal will lower the barrier to entry by lowering the minimum investment from $25 million to $5 million.
- It will also reduce processing time by 75%, allowing digital assets to be added to traditional brokerage accounts more efficiently.
On June 5, Morgan Stanley Wealth Management, director American multinational bank and American financial services company, has announced the launch of its color transfer agreement with Galaxy Digital.
The agreement is expected to pave the way for eligible customers to use cryptocurrency exchange-traded products (ETPs).
With this launch, customers will be able to convert their existing cryptocurrencies into shares of spot crypto ETPs more easily than ever before.
This announcement is a major development as traditional money merges with the digital world. It is built on Morgan Stanley’s growth in the financial sector, including the launch of a Bitcoin trust, called Morgan Stanley Bitcoin Trust (MSBT), in early 2026.
How Morgan Stanley-Galaxy Referral Works
The new agreement will allow Morgan Stanley Wealth Management clients to lend their digital assets, such as Bitcoin, Ether, or Solana, to Galaxy Digital. Instead, those clients will receive shares in crypto investments, including Morgan Stanley’s MSBT fund, which tracks the price of Bitcoin.
There are many great advantages of this partnership. In some cases, traditional methods can take up to four weeks. This shipping method can shorten the time by up to 75% in some cases. Second, lower barriers to entry.
Galaxy has reduced the minimum size of a customer referral from $25 million to $5 million. This makes the job available to qualified investors.
Another major benefit of this partnership is the integration of quality work. Shares of merchandise can be accessed from existing accounts, and support features such as cross-border trading and lending.
Morgan Stanley provides training materials and directs referrals to clients at their request and without their request. Galaxy manages real-time transactions, customer delivery, and marketing. The two companies are not affiliated, and Morgan Stanley does not receive any compensation from these referrals.
Zane Glauber, Director of Global Distribution at Galaxy, said Press release that, “We are pleased to support distributors from Morgan Stanley Wealth Management to provide an efficient and secure way to access crypto ETPs. The control and low-cost makes it easy for clients to combine digital assets with traditional currencies, supporting the entire wealth management process.”
Recent Developments in Crypto ETPs
In July 2025, the SEC approved the charitable creation and redemption Bitcoin and Ether exchange trading. This went beyond the old system that only allowed cashback. This change creates more revenue, reduces the difference between buying and selling, and provides tax benefits because it avoids forced sales of goods.
Morgan Stanley itself launched MSBT in April 2026. This made the company the first asset manager affiliated with a US bank to offer crypto-exchange products. Other companies, such as Invesco and the Bitcoin and Ethereum ETFs linked to Galaxy, have also increased their digital offerings.
Alison Nest, Head of Investment Solutions Products, Morgan Stanley Wealth Management, said, “Morgan Stanley has been investing in DeFi for some time, and we are proud to support the ability to deploy with Galaxy to provide Wealth Management clients with an established solution that helps integrate digital assets into their portfolios. Fostering diverse opportunities.”
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