Morgan Stanley Says Crypto Is A New Institutional Asset Class ByNikhilesh DePRO INVESTOR Updated: 10 August 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Cryptocurrencies are now a new institutional investment class, rather than a fully developed electronic cash, a Morgan Stanley report says.