Morgan Stanley’s Galaxy Deal Points to Bitcoin’s Next Institutional Test: Lending Collateral
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Bitcoin Collateral Enters New Phase as Morgan Stanley and Galaxy Expand Crypto Lending Access
Bitcoin collateral is rapidly emerging as the next chapter in institutional crypto adoption. The first phase of Bitcoin’s journey focused on making the asset investable through exchange-traded funds. The second phase is now unfolding as Bitcoin becomes usable as collateral. A third phase may follow, where Bitcoin becomes integrated into lending, financing, and balance-sheet systems across global finance. According to the source, Morgan Stanley h…
Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral
Morgan Stanley announced on June 5 that eligible wealth management clients can now lend Bitcoin, Ethereum, or Solana to Galaxy Digital and receive shares of spot crypto exchange-traded products in return. Galaxy will coordinate an in-kind creation with an authorized participant, then deliver ETP shares directly into the client's chosen account. Onboarding timelines that previously exceeded 4 weeks could fall by up to 75%. For Morgan Stanley-refe…
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