According to a public OCC filing, Morgan Stanley submitted a de novo national trust bank application on Feb. 18 under "Morgan Stanley Digital Trust, National Association." Reports on Friday said the unit would safeguard selected digital assets and handle trades, transfers, and staking, aligning with the bank's January ETF registrations and its appointment of Amy Oldenburg to lead a new crypto unit.

Paradigm is seeking to raise a new 1.5 billion dollar fund to invest in AI, robotics and other frontier technologies, according to the Wall Street Journal. The San Francisco firm, which reports 12.7 billion dollars in assets under management, will keep backing crypto while its technical team evaluates frontier‑tech deals; earlier vehicles include a 2.5 billion dollar flagship launched in November 2021 and an 850 million dollar early‑stage fund announced in 2024.