Morgan Stanley (MS) is considering how it can act as an actor on the cryptography market, said CEO Ted Pick.
The bank, which manages some 1.6 billion of dollars in assets, will work with the American treasury and other regulators to determine how it can offer cryptocurrencies in a safe way, said Pick in an interview with CNBC at forum Davos global economy: Switzerland Thursday.
“For us, the real equation is whether we, as a highly regulated financial institution, can act as transactions,” he said.
Pick was asked about his point of view on cryptocurrency in the United States under the supposedly pro-Crypto presidency of Donald Trump.
He described how Morgan Stanley assesses if the cryptography industry has reached its maturity as a class of assets.
“I think there is liquidity and that this liquidity will be expressed in all kinds of different ways,” said Pick in an apparent reference to the availability of bargain (ETF) Crypto in the United States.
The American ETF Spot Bitcoin (BTC) now have a combined value of $ 39 billion in the largest cryptocurrency and began to be negotiated in early January of last year.
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