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Why Morgan Stanley’s CFO sees tokenization as the next big step for its multibillion-dollar wealth management business

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Morgan Stanley is signaling a growing focus on tokenization and blockchain-based infrastructure, touting “on-chain” finance as the potential next step in how it serves high-net-worth clients. Speaking on the bank’s first-quarter earnings conference call, executives described a future in which assets and liabilities flow more freely on digital rails. “How do you think about a […]

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Wall Street Won’t Accept ‘Trustless’ Security Promises

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Crypto exchanges have become the primary places where millions of people and businesses store and transfer digital money. According to industry data, the crypto market is currently seeing around $190-192 billion in 24-hour trading volume. As exchanges grow across multi-asset venues, the security mechanism evolves beyond wallets to identity, permissions, pricing, and settlement. Yet, despite

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Bitcoin developer says 5.6 million ‘lost’ tokens may need to be frozen to stop hackers

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A senior Bitcoin developer said he would prefer to see the estimated 5.6 million bitcoins. BTC$73,765.82 he believes they will be lost frozen by the network rather than risk them falling into the hands of future quantum hackers. Jameson Lopp told CoinDesk that while he doesn’t want to freeze anyone’s bitcoin, removing dormant tokens from

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Pakistan ends seven-year crypto restriction, allows banks to serve approved providers

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The central bank of Pakistan has informed all banks and financial institutions in the country that the ban on providing crypto services has been lifted. However, according to the new state bank rules, banks are prohibited from investing, trading or holding crypto assets using their own funds or customer deposits. The State Bank of Pakistan’s

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BTC Price Retreats as $75,000 Remains “Both the Milestone and Ceiling”: Crypto Markets Today

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Yesterday, CoinDesk reported the potential for a Bitcoin surge BTC$74,208.96 price volatility around the $75,000 level, and this scenario comes true. After briefly approaching $76,000 on Tuesday evening, the largest cryptocurrency pulled back to trade near $73,900. This move could be partly driven by market makers rebalancing their exposure, which would increase short-term price volatility.

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BTC gyrations expected to calm down as Goldman and BlackRock explore income ETFs: Crypto Daily

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Investors who thrive on Bitcoin BTC$74,063.32 sharp price fluctuations could be disappointing. Big banks are preparing to introduce new products that could ease volatility in a market that has already become significantly calmer in recent years. Most recently, Goldman Sachs filed for a Premium Income Bitcoin exchange-traded fund (ETF). The proposed fund relies on selling

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