Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral

Morgan Stanley announced on June 5 that eligible wealth management clients can now lend Bitcoin, Ethereum, or Solana to Galaxy Digital and receive shares of spot crypto exchange-traded products in return. Galaxy will coordinate an in-kind creation with an authorized participant, then deliver ETP shares directly into the client's chosen account. Onboarding timelines that previously The post Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral appeared first on CryptoSlate.