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Morgan Stanley’s Crypto Chief Jumps Ship—Launches DeFi Trading Venture
Morgan Stanley’s Crypto Chief Jumps Ship—Launches DeFi Trading Venture
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Another Wall Street exec ditches the golden handcuffs for the wild west of decentralized finance. The head of Morgan Stanley’s crypto division has quit—opting to trade corporate bureaucracy for the unregulated frontier of DeFi.
Timing is everything: The move comes as institutional crypto adoption hits record highs, yet traditional finance still can’t decide if blockchain is the future or just a very elaborate Ponzi scheme.
One thing’s certain: When bankers start fleeing to DeFi startups, the smart money follows—or at least pretends to understand what ’smart contracts’ actually do.
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