Morgan Stanley Partners with Galaxy Digital for New Referral Arrangement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Morgan Stanley Wealth Management (MS) announced a new referral arrangement with Galaxy Digital (GLXY) through which eligible clients can lend cryptocurrency to Galaxy and receive shares of exchange-traded products with exposure to spot crypto, including, but not limited to, the Morgan Stanley Bitcoin Trust, offered by Morgan Stanley Investment Management. This model is designed for clients that want to lend crypto assets for repayment in traditional investment products in an efficient manner, enabling portfolio integration, including margin and lending capabilities, while reducing onboarding times and costs.
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Analyst Views on MS
Wall Street analysts forecast MS stock price to fall
14 Analyst Rating
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 218.270
Low
132.00
Averages
185.00
High
219.00
Current: 218.270
Low
132.00
Averages
185.00
High
219.00
About MS
Morgan Stanley is a global financial services company. The Company is engaged in providing a range of investment banking, securities, wealth management and investment management services. Its segments include Institutional Securities, Wealth Management and Investment Management. Its Institutional Securities segment provides a variety of products and services to corporations, governments, financial institutions and ultra-high net worth clients. Its Wealth Management segment provides an array of financial services and solutions to individual investors and small to medium-sized businesses and institutions. Its Investment Management segment provides a range of investment strategies and products that span geographies, asset classes, and public and private markets to a diverse group of clients across institutional and intermediary channels. Its investment banking services consist of capital raising and financial advisory services, including the underwriting of debt and other products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Lowered Transaction Minimums: Galaxy is reducing the lending transaction minimum for Morgan Stanley-referred clients from $25 million to $5 million, expanding access to qualified clients and further promoting the adoption of digital assets in the investment landscape.
- Accelerated Onboarding Process: The newly established referral capability may reduce onboarding times by up to 75%, enhancing client experience and lowering transaction costs, which could increase client acceptance of digital assets as part of their investment strategies.
- Educational Resource Support: Morgan Stanley Wealth Management will provide clients with educational resources about digital assets, helping them understand the investment potential of cryptocurrencies and facilitating their integration into traditional investments, thereby enhancing the overall wealth management strategy.
See More
