Morgan Stanley's Oldenburg: Bitcoin on U.S. bank balance sheets is coming, just not yet

Amy Oldenburg, head of digital asset strategy at Morgan Stanley, stated that while U.S. banks are expected to eventually include Bitcoin on their balance sheets, significant regulatory and institutional barriers remain. Speaking at a Bitcoin conference, she emphasized that challenges involving the Federal Reserve and international banking rules must be addressed first. Despite these hurdles, Morgan Stanley is actively expanding its digital asset footprint, notably launching a successful Bitcoin exchange-traded product that saw strong self-directed investor demand. The bank is also pursuing a digital trust charter to facilitate direct custody and spot trading while focusing on educating its financial advisors to better meet client interest in crypto assets.

(Source：CoinDesk)