Morgan Stanley (MS) is figuring out how to operate as a crypto trader, CEO says

Morgan Stanley ( MS ) is figuring out how it can act as a transactor in the crypto market, CEO Ted Peek said.

The bank, which has $1.6 trillion in assets under management, is working with the U.S. Treasury and other regulators to determine how it can safely offer crypto, Peek said. He said in an interview with CNBC Thursday at the World Economic Forum in Davos, Switzerland.

“The equation for us is really whether we, as a highly regulated financial institution, can play a transactional role,” he said.

Peake was asked about his views on cryptocurrency in the US, given Donald Trump’s crypto-friendly presidency.

He explained that Morgan Stanley is assessing whether the crypto industry has come of age as an asset class.

“I think there is liquidity and that liquidity manifests itself in different ways,” Peek said in an apparent reference to the presence of crypto exchange-traded funds (ETFs) in the US.

US Bitcoin (BTC) ETFs now hold a combined $39 billion in the largest cryptocurrency and first began trading at the beginning of January last year.

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