Banks Pull Crypto Custody In-House via Trust Charters
Established banks increasingly obtain national trust-bank charters to internalize crypto custody, staking and lending rather than outsource them, and this recurs across incumbents, displacing specialist crypto-infrastructure intermediaries as the bank–crypto boundary dissolves from the TradFi side.
forming · confidence 36 · Emerging (watchlist) · tracking since July 16, 2026 · updated July 16, 2026
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- Jul 16Strengthened
CoinDesk reports Morgan Stanley won preliminary OCC approval for a national trust-bank charter that would let it pull crypto custody, staking and lending in-house, erasing the distinction between broker and crypto infrastructure. A major incumbent bank internalizing functions it now outsources marks TradFi vertically absorbing crypto plumbing.
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Supporting · July 16, 2026
Morgan Stanley Wins Preliminary Approval to Pull Crypto Custody, Staking and Lending In-House
CoinDesk reports Morgan Stanley won preliminary OCC approval for a national trust-bank charter that would let it pull crypto custody, staking and lending in-house, erasing the distinction between broker and crypto infrastructure. A major incumbent bank internalizing functions it now outsources marks TradFi vertically absorbing crypto plumbing.
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