Goldman Sachs Group Inc. and Citigroup Inc. are additionally getting ready new product attached to Bitcoin. Goldman Sachs is exploring derivatives on Bitcoin called non-deliverable forwards. Citigroup is developing a new mechanism for trading cryptocurrencies known as digital asset receipts. Chief Executive Officer James Gorman said earlier this year that the bank wouldnt let customers buy and sell cryptocurrencies directly through Morgan Stanley, but would instead build a trading desk to support various derivatives tied to digital assets. The bank hired Andrew Peel as head of digital asset markets from Credit Suisse Group AG in June.”]
Source: https://hackercombat.com/morgan-stanley-all-set-to-start-bitcoin-swap-trading-for-clients/