Frank Chaparro sits down with Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, just after the firm went live with its bitcoin trust ETP. Amy has spent 26 years at Morgan Stanley, most recently running its global emerging market investing business, and now oversees digital assets across all three of the firm's major business lines.

They discuss what it means for crypto to graduate from an innovation experiment to core business operations, why tokenization is just the plumbing for a bigger market structure, and the new category of private wealth client Morgan Stanley can now serve: people who built wealth in crypto but had nowhere to take it.