Morgan Stanley – among the top-tier banks across America – is reportedly going to establish a crypto-centric research team. 

Specifically, the Wall Street banking heavyweight has reportedly tasked Sheena Shah with the leader role crypto analyst of its dedicated crypto research division. 

Shah has reportedly been taking up the role as Morgan Stanley’s lead currency strategist, overseeing G10 currencies for over eight years, and offered significant contributions to the bank’s crypto-associated research attempts. 

With the new position, Shah will reportedly channel her expertise towards deep-diving into the impact of cryptocurrencies on equities and fixed-income investments, nominally treasury and corporate bonds. 

Morgan Stanley’s executives – via a memo to all related personnel in the firm – reportedly highlighted that the rollout of a dedicated crypto research division was made possible as acknowledgement of the developing effect of cryptocurrencies and other digital assets across international markets.”

Previously, Morgan Stanley has reportedly spent an extensive amount of efforts into virtual assets during the last year, gradually developing its direct exposure to Bitcoin (BTC) via numerous investment funds by Grayscale Investments. 

In March this year, Morgan Stanley reportedly rolled out a Bitcoin investment tool for millionaire customers.

The development reportedly surfaced during the time where the traditional finance sector spent continual efforts in setting foot in crypto, throughout the parabolic growth of the cryptocurrency market.