Morgan Stanley has announced a partnership with crypto infrastructure provider Zerohash to offer trading services for major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) to E*Trade clients by the first half of 2026. This initiative marks the "first phase" of their collaboration, with plans to introduce full wallet functionalities in the future. Additionally, Morgan Stanley is set to unveil a crypto asset allocation strategy in the coming weeks. This strategy will allow clients to set their crypto allocation from zero to several percentage points based on their investment goals. The firm is also exploring the potential of tokenization in backend settlement and clearing processes.