Morgan Stanley's digital asset head leaves to establish a DeFi fund in Switzerland

According to ChainCatcher news reported by CoinDesk, Andrew Peel, the head of digital asset markets at Morgan Stanley, has left the firm in March 2025 and plans to establish a crypto investment firm in Zug, Switzerland. The firm will focus on developing tokenized funds and trading tools that connect traditional finance with decentralized finance (DeFi).

Peel joined Morgan Stanley in 2018, having previously worked as a trader at Credit Suisse. His departure comes as Morgan Stanley prepares to launch retail crypto trading services through the E*Trade platform. With institutions like BlackRock accelerating their investments in tokenized assets, Wall Street's commitment to the digital asset space continues to grow.