Morgan Stanley: Cryptocurrency adoption not driven by FOMO, but rather years of preparation.

Morgan Stanley denies that Wall Street is jumping into crypto due to fear of missing out (FOMO). The bank has been preparing for years and has shifted from cautious exposure to broader crypto and infrastructure strategies. Morgan Stanley plans to support tokenized equities later this year. The bank's head of digital asset strategy, Amy Oldenburg, emphasizes that TradFi has been on a journey to modernize financial infrastructure.