Morgan Stanley Crypto Partner ZeroHash Rebuffed in U.S. Trust Bank Bid
ZeroHash, the infrastructure provider handling digital assets for Morgan Stanley's E*Trade, faced a setback in its application to become a U.S. trust bank.
ZeroHash, a financial infrastructure provider that manages cryptocurrency operations for Morgan Stanley's E*Trade, has been rebuffed in its initial pitch to establish itself as a U.S. trust bank.
Despite the setback from regulators, the company stated that it is currently planning to refile its application. ZeroHash leadership expressed optimism regarding a swift resolution in subsequent regulatory reviews.
The firm provides critical backend plumbing for digital asset services, supporting major financial institutions entering the crypto space.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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