Morgan Stanley and Galaxy Digital launch crypto-to-ETP referral program with $5M minimum
Morgan Stanley Wealth Management and Galaxy Digital have rolled out a referral arrangement for qualified clients to lend Bitcoin, Ethereum, or Solana as collateral and receive shares of spot crypto exchange-traded products in their brokerage accounts. The program lowers Galaxy’s minimum transaction size to $5 million for referred clients and targets onboarding time reductions of up to 75% versus processes that can take more than four weeks.