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Morgan Stanley now setting up a crypto team

Morgan Stanley

A crypto research section will be established at Morgan Stanley, one of the largest financial institutions in the United States.

Morgan Stanley is an international investment bank and a global leader in financial services. It was founded in 1931, has headquarters in New York, and is now settling a new division for crypto research.

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Sheena Shah was named lead analyst of the virtual currency team. Shah has already worked for the company as its lead currency strategist. She covered G10 currencies for about eight years and has been a major contributor to the firm.

“The launch of dedicated crypto research is in recognition of the growing significance of crypto currencies and other digital assets in global markets.” Morgan Stanley’s David Adelman, Juliet Estridge and Vishy Tirupattur said in the memo.

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The research division will examine how virtual currencies affect equities and fixed-income investments like treasury and corporate bonds.

In a regulatory filing published in April, Morgan Stanley stated that several of its funds might gain exposure to Bitcoin. The funds were able to invest in the cryptocurrency, but not directly. Investments are possible through Grayscale’s Bitcoin trust or cash-settled futures.

The first funds to be included were the Institutional Fund, Institutional Fund Trust, Europe Opportunity Fund, Insight Fund, and Variable Insurance Fund. 

It looked like Morgan Stanley wouldn’t back down from crypto. In fact, the bank also published a job position as a cryptocurrency and blockchain lead analyst in April.

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