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“The launch of dedicated crypto research is in recognition of the growing significance of cryptocurrencies and other digital assets in global markets,” the bank said.
The London-based team will look into the impact of crypto on equities and fixed income globally, Bloomberg wrote.
The new group will report globally to James Faucette and locally to Adam Wood. The two lead Morgan Stanley’s research teams on fintech and payments in the U.S. and Europe.
In March, the firm made three bitcoin funds available to its clients. In April, the firm added bitcoin to 12 mutual funds’ investment strategies.
Several other major financial institutions have also established dedicated cryptocurrency teams, including Bank of America (BOFA) which created a crypto research team in July.