TLDRMorgan Stanley introduced a referral arrangement with Galaxy Digital for eligible wealth clients.Clients can lend Bitcoin, Ether, or Solana and receive spot crypto ETP shares in return.Galaxy will coordinate in-kind share creation with an authorized participant for settlement.The transaction minimum for referred clients drops from $25 million to $5 million.The firms said onboarding timelines may fall by up to 75% in some cases.Morgan Stanley Wealth Management has formed a referral arrangement with Galaxy Digital to support eligible clients seeking crypto exposure through exchange-traded products. The program allows clients to lend digital assets and receive spot crypto ETP shares in return. The firms said the structure aims to streamline onboarding and expand access for qualified investors.Morgan Stanley Referral Model Targets Efficient Crypto ConversionsMorgan Stanley will provide educational materials on digital assets and refer interested clients to Galaxy. Under the structure, clients lend assets such as Bitcoin, Ether, or Solana to Galaxy. Galaxy then determines whether it can settle the loan with ETP shares.If settlement proceeds, Galaxy coordinates an in-kind creation with an authorized participant. The ETP shares are then delivered into the client account of choice. The model includes products with spot crypto exposure, including the Morgan Stanley Bitcoin Trust MSBT.The firms said the structure supports portfolio integration across traditional brokerage accounts. It also enables margin and lending capabilities once shares settle. As a result, clients can align digital exposure with existing investment strategies.Galaxy will reduce its lending transaction minimum for Morgan Stanley-referred clients. The threshold will fall from $25 million to $5 million for eligible participants. This change expands access to qualified clients who meet internal requirements.Onboarding Timelines Cut and Minimums Lowered for AccessThe firms stated that current onboarding timelines for similar transactions can exceed four weeks. Through the new referral capability, onboarding times may decline by up to 75% in some cases. The firms said this reduction depends on transaction details and eligibility standards.Alison Nest, Head of Investment Solutions Products at Morgan Stanley Wealth Management, described the program’s intent.She said, “Morgan Stanley has been investing in the DeFi space for some time, and we are proud to support a referral capability with Galaxy.” She added that the arrangement provides an institutionalized pathway to integrate digital assets into portfolios.Zane Glauber, Global Head of Distribution at Galaxy, also addressed the launch.He said, “We are excited to support referrals from Morgan Stanley Wealth Management to offer an efficient and secure path to access spot crypto ETPs.” He stated that streamlined onboarding and lower minimums support integration alongside traditional investments.Morgan Stanley Investment Management offers the Morgan Stanley Bitcoin Trust under the ticker MSBT. The referral model allows eligible clients to receive shares of such ETPs after lending crypto assets. The firms confirmed that Galaxy coordinates settlement and share delivery once loan terms meet internal criteria.The arrangement applies only to clients who satisfy eligibility standards. Morgan Stanley will not directly manage the lending transaction. Instead, it will facilitate referrals and provide educational resources on digital assets.Galaxy will manage the lending structure and coordinate share creation with authorized market participants. The ETP shares will then move into the designated brokerage account. The firms announced the referral arrangement today and outlined operational details in their joint statement.The post Morgan Stanley Links Clients to Galaxy for Crypto ETPs appeared first on Blockonomi.