[Morgan Stanley Applies for Crypto Custody License] According to TechFlow News on February 28, as reported by Cointelegraph, Wall Street banking giant Morgan Stanley has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a 'de novo' national trust bank license. The bank plans to establish a subsidiary called 'Morgan Stanley Digital Trust' to support services such as digital asset custody, trading, and staking for its clients. This move marks an important step in the bank's recent acceleration into the crypto space. Previously, Morgan Stanley had applied to launch Bitcoin, Ethereum, and Solana ETFs.