Three of the world's largest banks, Morgan Stanley, Citigroup and Barclays, have made announcements related to crypto custody in the past week. Morgan Stanley filed an application with the Office of the Federal Credit Control Commission (OCC) for a national trust bank charter, which would offer custody, trading, swaps, staking, and stablecoin issuance under one federally regulated roof. Citigroup announced it will launch institutional Bitcoin custody this year, allowing clients to hold BTC in the same safekeeping accounts they use for equities, bonds, and cash. Barclays separately sent RFIs to tech providers for a blockchain payment platform supporting stablecoins and tokenized deposits. Bitwise CEO Hunter Horsley predicted that the world’s largest institutions and corporates are coming fully into crypto. This move signals a shift in the industry's focus on this aspect.