Annabelle Huang in Crypto.News: Wall Street vs Exchanges

Crypto.News — March 2026

Writing for Crypto.News, Altius CEO Annabelle Huang argues that digital-asset exchanges can't out-compete Wall Street on trading alone, and that banks like Morgan Stanley now hold the decisive advantages: turnkey infrastructure, roughly $9 trillion in client assets, unified collateral and cross-margining, and the ability to compress fees to zero. Her counterpunch for exchanges is tokenization, moving into globally traded, 24/7 tokenized equities, bonds, and other assets, where their infrastructure and retail reach in emerging markets create differentiation a traditional bank can't easily match.

This opinion piece by Annabelle Huang was first published by Crypto.News. Read the full piece at Crypto.News →

https://crypto.news/morgan-stanley-will-eat-crypto-exchanges-lunch-opinion/