Morgan Stanley (MS) is jumping into the digital asset pool with both feet. The Wall Street titan announced Thursday that it's launching a digital wallet in late 2026 to support tokenized assets, while also bringing cryptocurrency trading to its E*TRADE platform around the same time.

Building the Infrastructure

The digital wallet will handle tokenized versions of traditional securities and private equity investments, according to reports. Think of it as Morgan Stanley building the plumbing for a future where stocks, bonds, and alternative assets live on blockchains instead of in traditional clearinghouses.

This isn't just a standalone product. The bank says the wallet will work alongside its existing workplace financial services and private-market investing offerings, suggesting it's thinking about how all these pieces fit together.

Crypto Comes to E*TRADE

More immediately exciting for retail investors: Morgan Stanley plans to roll out trading for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) on its E*TRADE platform in the first half of 2026. That's a notable expansion beyond just letting wealth management clients access crypto exposure through funds.

The Bigger Picture

These announcements didn't happen in a vacuum. Morgan Stanley has been on an absolute tear this week filing crypto trust applications with the Securities and Exchange Commission. After submitting Bitcoin and Solana trust filings earlier in the week, the bank just filed for an Ethereum Trust. The proposed Ethereum vehicle would be a passive investment holding Ether directly.

Three crypto ETF-related filings in 48 hours represents Morgan Stanley's first major push into this space. It's a clear signal that one of Wall Street's most established players sees tokenization and digital assets as core to the future of finance, not just a sideshow.