Morgan Stanley taps Coinbase and BNY Mellon for custody in proposed Bitcoin ETF
Morgan Stanley has made a strategic decision to collaborate with cryptocurrency exchange Coinbase and banking giant BNY Mellon for custody services in its proposed Bitcoin Exchange-Traded Fund (ETF). This partnership aims to leverage Coinbase's expertise in digital asset management and BNY Mellon's established reputation in traditional finance to ensure the secure handling and storage of Bitcoin assets within the ETF framework, enhancing investor confidence and regulatory compliance.
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