Morgan Stanley is exploring how to become a transactor in the cryptocurrency market, according to CEO Ted Pick. During an interview at the World Economic Forum in Davos, Switzerland, he announced the bank's intention to collaborate with the U.S. Treasury and other regulators to ensure a safe approach to offering crypto services. The bank, which has approximately $1.6 trillion in assets under management, is assessing the maturity of the crypto industry as an asset class, reflecting on the growing liquidity and potential for various crypto-related financial products. Pick highlighted the significant liquidity present in the market, indicated by the $39 billion held in U.S. spot Bitcoin exchange-traded funds (ETFs) since their introduction in January of the previous year.

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