Morgan Stanley's Head of Digital Asset Strategy, Amy Oldenburg, announced that Wall Street's entry into the crypto industry is not driven by 'fear of missing out' (FOMO) but is the result of years of financial infrastructure upgrades. The firm is advancing a digital asset strategy encompassing trading, asset management, and infrastructure. Morgan Stanley plans to support tokenized stock trading on its alternative trading system by the second half of 2026. Oldenburg also highlighted that outdated traditional banking infrastructure and the complexity of global financial network coordination remain significant challenges for institutions entering the crypto space.