Starting October 15, Morgan Stanley will allow all clients, including retirement accounts, to invest in cryptocurrency funds, broadening access beyond high-net-worth individuals.
Morgan Stanley announced it will remove all access restrictions on its cryptocurrency investment funds effective October 15. The change permits all clients, including those with retirement accounts, to participate. Previously, only clients with over $1.5 million in taxable assets and high risk tolerance could invest. The bank will implement an automated monitoring system to manage risk and prevent excessive crypto concentration.