The bank joins its rival Goldman Sachs and becomes the second major Wall Street firm to launch clearing crypto contracts.
Morgan Stanley can follow Goldman and Santander that have recently unveiled their plans to leave R3 consortium.
The distributed ledger technology has to overcome a number of issues to achieve widespread usage by banks, according to a new study from Morgan Stanley.
Chinese peer-to-peer online lender Lufax is planning to raise $1 billion next year in an attemp to reach a value of between $15 and $20 billion.
Thirteen top banks, including Citi, Bank of America and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is developing blockchain technology for the financial industry.