Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC 
ETH 
SOL Morgan Stanley builds a digital asset laboratory to explore new opportunities for stablecoins, tokenization and DeFi
Morgan Stanley recently established the Digital Asset Lab, which aims to allow employees to test blockchain-based financial infrastructure without deploying experimental technology into bank production systems. This internal environment is being used to explore cutting-edge areas such as stablecoins, tokenized bank deposits, central bank digital currencies (CBDC), tokenized money market funds, and decentralized finance (DeFi) applications.
Among potential DeFi work directions are a vault structure capable of running automated strategies 24/7, thereby breaking through the trading time constraints of traditional markets. The laboratory is part of Morgan Stanley's broader "Market Innovation and Labs" operating system and is led by Megan Brewer Koptchev. Its scope of responsibility covers company-wide experimentation and innovation in emerging financial technologies.
This controlled setup allows teams to build prototypes, connect external technology, and test how new market infrastructure interacts with existing banking systems before any production deployment. This move marks Morgan Stanley's in-depth deployment in the on-chain finance sector.
Test environment expansion: digital assets move towards real-time products
目前的测试环境是摩根士丹利数字资产扩张战略的一部分，且该战略已逐步推进至实际产品中。符合条件的E*Trade客户现在可以通过经纪平台直接进行加密货币交易，提供比特币（Bitcoin）、以太坊（Ether）和索拉纳（Solana）的交易服务，相关基础设施由ZeroHash提供支持。摩根士丹利于今年7月完成了此次推出，并设定了50个基点的交易手续费。
此外，摩根士丹利投资管理公司（Morgan Stanley Investment Management）还推出了专为符合《GENIUS法案》运营的发行商设计的“稳定币储备基金”。该“稳定币储备组合”持有政府证券和回购协议，目标是保持1美元的净资产价值，提供每日流动性，并作为支付型稳定币的合格储备金。
系统整合：从孤立实验到核心业务融合
上述业务为实验室提供了多个现有的摩根士丹利系统作为依托。稳定币结算、代币化抵押品和可编程存款可以直接与经纪、资产管理和财富管理基础设施连接，而不再局限于孤立的区块链实验。
代币化存款是与传统银行业务联系最为清晰的领域之一。以区块链轨道表示的银行存款仍然是商业银行的负债，但有可能通过可编程系统连续流转，而非完全依赖传统的结算窗口。摩根士丹利已明确将稳定币、代币化存款和央行数字货币视为可能需要银行全天候（24/7）基础设施支持的货币形式。如果机构客户越来越多地通过数字轨道转移资产，更快的结算速度可能会对外汇、财资服务、抵押品管理和证券操作产生影响。
代币化货币市场基金则增加了另一层复杂性，它允许基金份额以数字化形式代表，并可能在无需先赎回为现金的情况下用作抵押品。摩根士丹利目前已运营一款面向稳定币的货币市场产品，而其他大型资产管理公司和银行也在构建类似的代币化流动性结构。
该行还通过与Galaxy Digital合作，为财富客户提供了一条“加密资产到交易所交易产品（ETP）”的路径，可将符合条件的数字资产贷款转换为现货加密货币交易所交易产品的份额。
结语：全面布局链上金融未来
摩根士丹利当前的实时数字资产栈涵盖了直接加密货币交易、现货加密货币投资产品、稳定币储备管理以及加密资产到ETP的转换。与此同时，新建的实验室为内部团队提供了一个独立的环境，以测试代币化货币和链上金融领域的下一步发展动向。
