
Morgan Stanley Welcomes All Clients to Invest in Cryptocurrency Funds
Morgan Stanley's wealth management service expands access to cryptocurrency investments for all clients starting October 15, marking a significant policy change.
Morgan Stanley, a leading global wealth management company, has announced that it will allow all its clients to invest in cryptocurrency funds as of October 15, according to a report by CNBC.
Previously, this opportunity was limited to high-net-worth individuals with at least $1.5 million in assets and a high-risk tolerance.
This new approach could enable substantial capital to flow into cryptocurrencies, potentially unlocking a significant portion of the estimated $45.8 trillion in U.S. retirement assets, including $18 trillion in IRAs and $9.3 trillion in 401(k) plans, as reported by the Investment Company Institute.
According to the company’s 2025 Annual Shareholder Letter, Morgan Stanley’s Wealth Management division employs about 16,000 financial advisers and manages approximately $6.2 trillion in assets across 19 million client relationships.
To prevent clients from becoming overexposed to crypto, Morgan Stanley will implement automated monitoring systems. For now, cryptocurrency funds will be limited to Bitcoin products offered by BlackRock and Fidelity, although the firm is monitoring the market for further options.
“Institutions are beginning to see digital assets not just as speculative investments, but as an investable asset class that needs structured access points,” said Jeff Feng, co-founder of Sei Labs.
As native crypto platforms launch new tokenized assets and asset managers develop additional access channels, the lines between traditional finance and blockchain-based finance are becoming increasingly indistinct.
A report from Morgan Stanley’s Global Investment Committee in October recommended a cautious strategy, suggesting allocations of up to 4% in high-risk portfolios, 2% in balanced portfolios, and no exposure in income strategies.
Morgan Stanley’s policy change reflects a growing trend among large asset managers to engage more with digital currencies. For instance, Fidelity recently launched a new series of retirement accounts that allow low-cost cryptocurrency investments, while JPMorgan announced it would allow trading clients to use crypto ETFs as loan collateral. Similarly, BlackRock is expanding its array of crypto products, including plans to tokenize its ETFs for greater trading flexibility in decentralized finance applications.