Morgan Stanley Seeks National Trust Bank Charter for Crypto Custody Service

Morgan Stanley has submitted an application for a national trust bank charter to create a federally regulated cryptocurrency custody service. According to NS3.AI, this initiative aligns with Ripple's national trust bank infrastructure, emphasizing XRP's role as a compliance-focused digital asset. The move aims to attract institutional investors by minimizing counterparty risks. Although the filing does not specifically mention XRP, it underscores the increasing involvement of traditional finance in digital assets, which could enhance XRP's institutional adoption.