Morgan Stanley is preparing to launch crypto trading for retail investors through its E-Trade platform in the first half of 2026, according to an internal memo reported by CNBC. The Wall Street bank will partner with zerohash, a crypto and stablecoin infrastructure firm, to provide liquidity, custody, and settlement services.
The move follows Morgan Stanley’s participation in zerohash’s $104 million Series D-2 funding round, led by Interactive Brokers and joined by SoFi, Apollo-managed funds, Jump Crypto, Northwestern Mutual Future Ventures, and others.
Beyond crypto, the bank plans to explore tokenized traditional assets, reflecting its broader strategy around distributed ledger technology (DLT) and digital innovation. “We see immense power in the cryptocurrency space, not just with crypto as an investment, but also around tokenization more broadly,” said Jed Finn, head of wealth management at Morgan Stanley.
Zerohash will use the fresh capital to expand products and scale hiring, as financial institutions increasingly prioritize on-chain innovation.
