Wall Street continues to push into crypto. Morgan Stanley has launched a Digital Asset Lab to test stablecoins, tokenized deposits, DeFi vaults and tokenized money market funds. Goldman Sachs is plugging its ~$100 billion FTIXX Treasury fund into institutional crypto settlement infrastructure, giving digital asset firms another way to park idle cash and earn yield without Goldman needing to tokenize the fund itself. And Citi is partnering with Coinbase to support institutional stablecoin payments, with Coinbase providing the crypto rails and Citi handling settlement. The lines between traditional finance and crypto infrastructure keep getting blurrier.