Morgan Stanley to launch a digital assets wallet that supports RWAs

Morgan Stanley, a leading global financial services firm providing investment banking, securities, wealth management, and investment management services to corporations, governments, institutions, and individuals worldwide, is launching a digital assets wallet that will support tokenized real world assets.

Morgan Stanley is a $294 billion company based on publicly traded shares valuation. This places the financial services firm at #44 position in global ranking of companies based on stock market capitalization.

Big question, why launch a digital assets wallet?

Morgan Stanley has plans to launch a digital asset wallet in 2026 as the financial services giant continues expanding its crypto investment product offerings to clients.

The wallet is built to support cryptocurrencies and real-world tokenized assets (RWAs), including stocks, bonds and real estate, with plans to support more assets over time, according to Barron's.

In September, the company announced that it would allow users of the E*Trade brokerage platform, which it owns, to trade cryptocurrencies including Bitcoin, Solana, and Ether in 2026 – Cointelegraph report

The ultimate UI game

As finance moves on-chain, the channels people go through to function daily changes.

The primary channel when dealing with on-chain finance is crypto or digital assets wallet. Having a means to avoid jumping through multiple tabs and potentially installing numerous bridge softwares, is highly demanded and these wallets are simply the best way.

There are currently numerous options out there. Plenty are non-custodial and with equally many custodial wallets, but anyone can understand that an established firm as Morgan Stanley isn't going to outsource such a vital role in on-chain finance to a third-party, especially not one that gives the clients complete autonomy.

The report doesn't make mention of if Morgan Stanley's planned digital assets wallet will be non-custodial or not, but it's to be expected that as a Bank, it is going to aim to build for a centrally controlled environment.

Bank apps (an associated software) will not matter much in a future where finance is on-chain. But what will matter a lot will be digital assets wallet.

Building one, means positioning to maintain control.

As fancy as always, we are going to see these bank-controlled wallets get advertised as "safe solutions" for managing on-chain finance and wealth.

Established financial firms coming into crypto understand that ultimately, the channel, in this case, the UI, through which individual access and function on-chain, matters more than anything else.

If you control the channel, you can control the money.

It's like what's happening through AI. It's looking more and more likely that AI apps will replace many product or service UIs (apps) because users may just open an AI app to use a built-in or integrated agents to solve their problem.

Similarly, with on-chain finance and economies, people will increasingly use wallets as the default channel. Primary because it more intuitive to connect to any blockchain app and function within said wallets.

How well of an adoption these controlled wallets will have over the non-custodial options, is open to discovery with time.

The good news, as always, is that every move at adapting to and integrating on-chain finance from TradFi players, brings the industry closes to having the masses onboard.

Posted Using INLEO