Key Insights:
- Morgan Stanley partners with ZeroHash to offer crypto trading to retail investors in 2026.
- The financial giant plans to begin with Bitcoin, Ethereum, and Solana trading offering via E-Trade.
- Zerohash raised $104 million at a $1 billion valuation from companies including Interactive Brokers, Jump Crypto and Morgan Stanley.
$1.3 trillion financial giant Morgan Stanley on Tuesday said it has partnered with crypto and stablecoin infrastructure company ZeroHash to offer crypto trading to retail investors through its brokerage and trading platform E-Trade.
Morgan Stanley plans to start with Bitcoin, Ethereum, and Solana trading, expanding its crypto trading offerings gradually.
Morgan Stanley to Launch Bitcoin, Ethereum, Solana Trading Next Year
Morgan Stanley is partnering with cryptocurrency infrastructure provider Zerohash to let E-Trade clients trade crypto assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The firm expects to launch crypto trading in the first half of 2026.
Jed Finn, Morgan Stanley’s head of wealth management, claimed the firm will begin with major cryptocurrencies.
In addition, the financial giant prepares to build a full wallet solution for its clients next amid a clear crypto regulatory environment and guidelines under the Trump administration.
This marks a groundbreaking development that can boost crypto adoption in other institutional investors. Notably, TradFi companies are getting increasingly interested in DeFi to bring stocks, bonds, and treasuries on-chain.
The bank claimed it will help clients hold not just crypto, but also tokenized versions of traditional financial assets. Solana is among the leading networks for tokenization, with a total value of $671 million at the time of writing.
Zerohash Raises $104 Million
Zerohash has completed raising $104 million at a $1 billion valuation in the Series D-2 round from financial giants. Morgan Stanley also participated in the fundraising round.
It was led by Interactive Brokers as stablecoins, crypto trading, and tokenization adoption gain pace amid massive demand from investors. Additional participants included SoFi, Jump Crypto, and Apollo Global Management, Forbes reported on September 23.
According to Pitchbook data, Zerohash last raised at a $340 million valuation in 2022. The firm has clients such as Interactive Brokers, BlackRock, and Stripe.
BTC, ETH, SOL Price Action
While the news gained massive reactions across the crypto community, traders were unfazed and focused on Fed Chair Jerome Powell’s speech, $23 billion crypto options expiry, and PCE inflation data due later this week.
BTC price was trading at $112,789 at the time of writing, down 0.20% in the past 24 hours. The 24-hour low and high were $111,591 and $113,351, respectively. Furthermore, the trading volume has decreased by 17% in the last 24 hours, indicating a decline in interest among traders.
ETH price dropped below the $4,200 support level, down 0.3% in the last 24 hours. Trading volume has tumbled 35% in the last 24 hours.
Meanwhile, SOL price fell nearly 2% in the last 24 hours, trading at $218.22 at the time of writing. The 24-hour low and high were $212.80 and $221.64, respectively.