BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Morgan Stanley Crypto Executive Departs to Launch DeFi Venture in Switzerland
Morgan Stanley Crypto Executive Departs to Launch DeFi Venture in Switzerland
7
1
Andrew Peel, head of Morgan Stanley’s digital asset markets unit, has resigned to establish a Zug-based firm bridging traditional finance and decentralized finance. The former Credit Suisse trader joined Morgan Stanley in 2018 and stepped down in March.
The new venture will include an asset management vehicle investing in and issuing DeFi assets like tokenized funds, alongside a technology development arm. Fundraising is expected to commence in coming months.
Zug continues to solidify its position as Switzerland’s crypto hub, attracting institutional talent migrating from traditional finance to blockchain innovation. The move underscores growing convergence between Wall Street and decentralized finance.
By:
Previous
Stability World AI and MOMO.FUN Partner to Revolutionize MemeFi with AI Integration
Next
HOT Labs Secures $250K Stellar Grant for Chain Abstraction Development
