via CryptoSlate · By CryptoSlate Editorial
Morgan Stanley’s Galaxy deal points to Bitcoin’s next institutional test: lending collateral
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Change: $1,562.41 (2.50%)
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Longs pay
Morgan Stanley announced on June 5 that eligible wealth management clients can now lend Bitcoin, Ethereum, or Solana to Galaxy Digital and receive shares of spot crypto exchange-traded products in return.
Galaxy will coordinate an in-kind creation with an authorized participant, then deliver ETP shares directly into the client's chosen account. Onboarding timelines that previously exceeded 4 weeks…
COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.
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