Morgan Stanley (NYSE:MS), which took part in Zerohash’s latest capital raise, is partnering with the stablecoin infrastructure platform to allow E*Trade users to trade in popular crypto tokens starting in H1 2026, according to a media report.
The offering will start with bitcoin (BTC-USD), ether (ETH-USD), and solana (SOL-USD), Bloomberg News reported on Tuesday, citing Morgan Stanley’s (NYSE:MS) head of wealth management. “Clients should have access to digitized assets, traditional assets, and cryptocurrencies, all in the same ecosystem they’re used to,” Jed Finn said.
That brings E*Trade more into line with Robinhood Markets (HOOD), which also offers stock, options, and crypto trading to its users.
Morgan Stanley (NYSE:MS) plans to introduce an asset-allocation strategy around crypto in coming weeks, Finn told Bloomberg, with allocations from zero to a few percentage points of a client’s portfolio.
Separately, Zerohash said it raised $104M, led by Interactive Brokers (IBKR), giving the startup a value of $1B. Others participating in the financing round are Morgan Stanley (MS), SoFi Technologies (SOFI), Apollo-managed funds (APO), Jump Crypto, Northwestern Mutual Future Ventures, FTMO, IMC, and Liberty City Ventures.
Existing investors PEAK6, tastytrade, and Nyca Partners also participated in the round.
The fundraise demonstrates that crypto, stablecoins, and tokenization are already powering business, the company said.
“Every financial institution is looking to provide access to the crypto asset class and innovate with this technology at scale,” said Adam Berg, chief financial officer and chief administrative officer of Zerohash. “I’ve recently met with multiple large bank CEOs and financial services executives, many of whom said that they are spending more than 50% of their time driving on-chain innovation at their firm.”
Morgan Stanley (MS) stock rose 0.8% in Tuesday midday trading.