Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets.
Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange Commission launched an effort to develop a regulatory framework for the nascent asset class.
“For us, the equation is really around whether we, as a highly regulated financial institution, can act as transactors,” Pick told CNBC’s Andrew Ross Sorkin at the World Economic Forum in Davos, Switzerland.
“We’ll be working with Treasury and the other regulators to figure out how we can offer that in a safe way,” Pick said.
Morgan Stanley, a juggernaut in the wealth management industry, has been repeatedly ahead of its peers when it comes to crypto. It was the first major U.S. bank to offer bitcoin funds to its rich clients…
