Morgan Stanley and Galaxy Set Up Crypto Lending Route to Spot Crypto ETP Shares
Morgan Stanley Wealth Management has created a referral arrangement with Galaxy Digital that allows eligible clients to lend BTC, ETH, or SOL and, where feasible, receive spot crypto ETP shares. Galaxy lowered the minimum lending transaction size for Morgan Stanley-referred clients from $25 million to $5 million, while Morgan Stanley said onboarding time could drop by up to 75% versus similar transactions that can take more than four weeks.