Morgan Stanley Launches Digital Asset Lab to Test Crypto Products

Wall Street firm Morgan Stanley has established a digital asset lab to explore and test products including stablecoins, tokenized assets, and decentralized finance applications. According to Bloomberg, the lab provides a secure and compliant environment for testing tokenized deposits and central bank digital currencies. The bank, which previously debuted a Bitcoin exchange-traded fund that now manages over $871 million, continues to expand its digital asset initiatives.