Andrew Peel has exited his role at Morgan Stanley’s Digital Asset Markets division to establish a cryptocurrency investment and technology firm in Zug, Switzerland. According to a Bloomberg report, this new venture will focus on tokenized funds and trading tools that connect traditional finance with decentralized finance (DeFi). Peel, who previously worked at Credit Suisse, joined Morgan Stanley in 2018 and left the firm in March. He plans to initiate fundraising for his new project in the near future. This departure coincides with Morgan Stanley’s expansion into retail crypto trading through E*Trade, set to launch next year, broadening access beyond institutional Bitcoin funds offered since 2021.

A Morgan Stanley spokesperson declined to comment on Peel’s departure.

Read more: Morgan Stanley Eyes Launching Crypto Trading Through E*Trade: Bloomberg

Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed for accuracy.