Morgan Stanley crypto chief departs to launch DeFi-focused investment firm

Andrew Peel has left Morgan Stanley to launch a DeFi-focused investment firm in Zug, Switzerland, aiming to bridge traditional finance with decentralized finance by investing in tokenized DeFi assets and providing essential infrastructure.

Peel’s exit is part of Morgan Stanley’s strategy to expand digital asset services, including potential crypto trading on its E*Trade platform, indicating a growing interest in the crypto market and its offerings.

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