Andrew Peel, Leader of the Digital Assets of Morgan Stanley, resigned to launch his own investment and negotiation technology company focused on crypto, aimed at filling the gap between traditional finance and decentralized finance (DEFI).
Peel, who joined Morgan Stanley in 2018 after a visit to Credit Suisse, left Wall Street giant in March.
He is now preparing to raise capital for the new company in the coming months, said Bloomberg, citing a familiar source with the issue.
The cryptographic society of Peel will be based in Switzerland
The company will have its head office in Zug, Switzerland – often nicknamed the country’s “crypto valley”.
The new company will combine asset and technology management services.
It plans to issue and invest in token -defined assets, such as blockchain investment funds, while building trading infrastructure adapted to institutions entering space.
While the regulation of digital assets continues to evolve, the company aims to offer tools that help traditional financial companies on board in more transparent crypto.
Andrew Peel sorts @Morganstanley To launch a DEFI fund in Switzerland.
Welcome alongside the manufacturer, Andrew.– Gaia Ferrero Regis
(@gaia_ferrero) May 14, 2025
(@gaia_ferrero) The release of Peel coincides with the wider thrust of Morgan Stanley in digital assets.
The bank would have planned to deploy cryptographic trading services on its E * commercial trade platform focused on retail next year, after its move in 2021 to provide access to the Bitcoin fund to institutional customers.
Wall Street’s interest in the crypto has developed, in particular in the midst of a more friendly political landscape to the United States since Donald Trump’s return to the presidency.
The approval of the FNB Bitcoin Spot at the beginning of 2024 and the growing demand for monetary market funds in Tokenized, offered by companies like Blackrock and Franklin Templeton, added momentum.
In a related development, BNY Mellon confirmed that Caroline Butler, her global digital asset manager, leaves the bank.
Carolyn Weinberg, head of BNY chief innovation, will continue to supervise his digital asset strategy.
Crypto VC funding reaches $ 6 billion in quarter despite less transactions
The values of crypto venture capital agreements increased in the first quarter of 2025, even if the total number of agreements has decreased sharply compared to the previous year, according to the latest report by Pitchbook.
Only 405 transactions were concluded during the quarter, down 39.5% compared to T1 2024, but the total value of transactions more than doubled at $ 6 billion, compared to $ 2.6 billion last year and $ 3 billion in the fourth quarter.
The largest part of funding went to Crypto financial services companies, including asset managers and scholarships, with $ 2.55 billion collected from 16 transactions.
Infrastructure and development companies have followed $ 955 million in funding in 30 offers, while web startups have experienced $ 231 million out of 23 offers.
The main analyst of pitchbook cryptography, Robert Le, noted that capital continues to move on to fundamental cryptography services despite the macroeconomic challenges, signaling confidence in the long -term usefulness of the sector.
He underlined stable public service rails as a key investment magnet.
For the future, it has highlighted the planned IPO of the Circle of the Stablecoin issuer as a major test for cryptographic stock markets.
If Circle is evaluated above its fork of $ 4 to 5 billion, it could reproduce expectations for cryptographic startups at an advanced stage and attract more capital in infrastructure and companies focused on payments.
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