Morgan Stanley Wealth Management and Galaxy Digital Announce Referral Capability for In-Kind Creation of Spot Crypto ETP Shares
Galaxy Digital announced a referral arrangement with Morgan Stanley Wealth Management allowing eligible clients to lend cryptocurrency to Galaxy in exchange for spot crypto ETP shares. The partnership reduces the lending transaction minimum for referred clients from $25 million to $5 million and aims to cut onboarding times by up to 75%.
Key figures
- New lending minimum
- $5 million
- Helios campus capacity
- 1.6 GW
- Previous lending minimum
- $25 million
- Onboarding time reduction
- 75%
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