Morgan Stanley Wealth Management has teamed up with Galaxy Digital, allowing qualified high-net-worth clients to lend crypto assets like Bitcoin, Ethereum, and Solana to Galaxy, and receive shares of instant crypto ETPs through in-kind conversion without needing to convert the related assets to cash. Both parties stated that this mechanism could reduce the time required to transfer crypto assets to ETPs by up to 75%, while Galaxy has lowered the minimum lending deal size for Morgan Stanley clients from $25 million to $5 million. (The Block)
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