Counterpoint International—a unit of Morgan Stanley Funding Administration—is exploring whether or not it is going to make a wager on bitcoin, in line with a Bloomberg Information report.
Citing sources, the report mentioned that the unit, which manages $150 billion, would want approvals from the broader agency and regulators to make such an funding. Nonetheless, it represents Wall Avenue’s broader push into the cryptocurrency, which is more and more being seen as an inflation hedge asset.
A spokeswoman for Morgan Stanley declined to touch upon Bloomberg’s report.
Morgan Stanley made headlines through the peak of the 2017 preliminary coin providing bubble for exploring the launch of a doable swap-like product tied to bitcoin. That product, finally, did not launch.