BREAKDOWN: Morgan Stanley Is First Big Bank Offering Bitcoin to Wealthy Clients

BREAKDOWN: Morgan Stanley Is First Big Bank Offering Bitcoin to Wealthy Clients

Three funds led by Galaxy Digital, FS Investments and NYDIG will give bank customers access to the leading digital asset. This episode is sponsored by Nexo.io and Casper, and this week’s special product launch, NEM. Today on the Brief: What markets want from the Federal Reserve’s FOMC meeting eToro’s $10B SPAC The latest on Coinbase’s IPO Our main discussion: Morgan Stanley set to become the first big bank to offer wealthy clients access to bitcoin. In this episode, NLW breaks down this breaking news, including: Restrictions on the fund in terms of who can buy and how much they can spend Background of the firms partnering with Morgan Stanley Why the direct bitcoin exposure is a sea change for institutional investors offering bitcoin products - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Launching in late-March, Casper is the future-proof blockchain protocol that finally address the blockchain trilemma. Learn more at Casper.Network. - Symbol from NEM is the connector between blockchain and business. It brings enterprise-grade security and programmability with cutting edge technical features for projects at the heart of the new economy -- join us by visiting symbolplatform.com or nem.io. - Image credit: Daniel Acker/Bloomberg/Getty Images See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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