Wall Street’s crypto debate is over as banks go all-in on BTC, stablecoins, tokenized cash
Big banks aren’t debating crypto anymore — they’re building it. From tokenized cash to ETFs, Wall Street is quietly going onchain.
For years, major banks treated cryptocurrency primarily as a risk to be contained. That posture is now giving way to a more deliberate form of engagement. Rather than debating crypto’s legitimacy, banks are increasingly deciding how and where to integrate it, from regulated investment products to blockchain-based payment rails.
This shift is on full display in this week’s Crypto Biz. JPMorgan is extending its US dollar deposit token onto new blockchain infrastructure, signaling that tokenized cash is moving closer to production use within global banking.
Morgan Stanley, meanwhile, is positioning itself to offer exposure to Bitcoin (BTC) and Solana (SOL) through exchange-traded funds (ETFs), potentially bringing crypto investments to millions of wealth management clients.
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