Morgan Stanley has applied for a national trust bank charter to enable it to custody cryptocurrencies. The filing, submitted to the Office of the Comptroller of the Currency, reveals the creation of Morgan Stanley Digital Trust. This move aligns with a trend of crypto-native companies seeking banking licenses to expand their services. The Wall Street firm has been increasingly involved in the crypto sector, offering Bitcoin exposure to wealthy clients since 2021 and collaborating with stablecoin infrastructure firm Zerohash to facilitate crypto trading. Morgan Stanley's recent filing for Bitcoin and Ethereum ETFs further underscores its commitment to integrating digital assets into its offerings.