Andrew Peel left his position as the Head of Crypto Asset Markets in Morgan Stanley and decided to establish a new crypto investment and technology company in Zug, Switzerland. According to Bloomberg, the focus of Peel’s new initiative will include new trade vehicles to establish a bridge between Funds and traditional finance and decentralized finance (defi). Peel previously worked in Credit Suisse and joined Morgan Stanley in 2018.
New crypto company will be established
According to Bloomberg, Peel’s company will establish Zug, the company aims to connect between traditional financial tools and new digital technologies. The company’s vision; tokenization of financial products and facilitating their trading. In addition, new solutions will be developed for digital structuring and management of investment funds.
Peel left Morgan Stanley in March and will soon start the investment collection process. No information on the name of the initiative or the first investors has not yet been shared. Peel is one of the leading names of the sector with its experience in the field of crypto assets.
Morgan Stanley and Crypto Coins
Morgan Stanley’s strategic moves in the field of crypto assets have recently gained momentum with the increase in the changing policy environment and digitalization pressure in the financial sector. Bank, Bitcoin for its corporate customers in 2021 $103,564.03 It provided access to its funds and announced that it has recently planned to offer a new crypto asset trade trad platform for individual customers.
In this context, it is reported that the bank evaluates the initiation of crypto assets in 2025 through the E*Trade platform. Thus, Morgan Stanley aims to reach a wider customer base in crypto assets. These developments in the sector point to change in the approach of major financial institutions to crypto assets.
The changes observed in policies and regulations on crypto assets in the US have led to mobility in the financial sector. Large companies such as Blackrock and Franklin Templeton are also starting new initiatives in the Fund (RWA) Fund (RWA). This trend enables the development of new business models and investment instruments between digital finance and classic finance.
Analysts evaluate the increase in the interest of corporate investors and banks in crypto assets contributes to sustainable growth in the sector. Peel’s initiative has the potential to contribute to the transformation of the sector.
Leaving Morgan Stanley, Peel’s crypto investment and technology initiative in Switzerland will focus on the development of tokenized funds and financial trade tools. With the reshaping of traditional financial institutions in the field of digital assets, it is observed that innovation accelerates in the sector. By following these developments, readers can be aware of the new opportunities and risks offered by digital finance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
