Andrew Peel left his role as manager of the digital asset markets of Morgan Stanley (MS) to launch an investment and cryptographic technology company in Zug, Switzerland, Bloomberg reported on Tuesday.
The company will focus on tokenized funds and trading tools that will punctuate traditional finances and defi, according to Bloomberg.
Peel, a former Credit Switzerland trader who joined Morgan Stanley in 2018, resigned in March and plans to start fundraising soon, in history.
His release comes as Morgan Stanley is preparing the trade of the commercial crypto on the E * trade next year, according to a report earlier this month, extending beyond access to Bitcoin Fund which he launched for institutions in 2021.
Wall Street’s digital assets are accelerating in the middle of American policy and growing interest in token funds in companies like Blackrock and Franklin Templeton.
A spokesperson for Morgan Stanley refused to comment Bloomberg.
Find out more: Morgan Stanley Eyes launching crypto trading via e * trade: Bloomberg
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