Major banks around the world are accelerating their entry into cryptocurrency custody and digital asset services. Morgan Stanley has applied for a national trust bank license, planning to offer Bitcoin trading, lending, and custody services under a single regulated entity. Citigroup announced plans to launch institutional Bitcoin custody services this year, allowing clients to hold Bitcoin alongside traditional assets. Barclays is seeking technology vendors to build a blockchain platform supporting stablecoins. These initiatives mark a significant shift in the industry landscape, with several banks already submitting license applications to the Office of the Comptroller of the Currency (OCC), indicating that as the cryptocurrency industry matures, traditional financial giants are integrating crypto services into their operations.