Wall Street’s crypto push has been years in the making says Morgan Stanley

Morgan Stanley’s Amy Oldenburg says banks are expanding into crypto not because of hype, but after years of infrastructure development. What to know : Morgan Stanley executive Amy Oldenburg said Wall Street’s move into crypto reflects years of behind-the-scenes work on modernizing financial infrastructure, not a sudden bout of FOMO. The bank is expanding its digital asset strategy across trading, asset management and infrastructure, including plans to support tokenized equities on its alternative trading system in the second half of 2026. Oldenburg said upgrading decades-old banking systems and coordinating across the global financial network remain major hurdles, even as interest in tools like stablecoins grows and institutional crypto activity quietly builds.