OpenAI DoD deal; Morgan Stanley crypto bank; Barclays tokens
News: A roundup of developments affecting Bitcoin, blockchain, DeFi, NFTs, Web3 and digital-asset regulation. Today, OpenAI will deploy its artificial intelligence models on classified Pentagon systems; Morgan Stanley filed for a national trust bank charter to provide digital-asset custody, trading, transfers and staking for clients; and Barclays is assessing a platform for stablecoin and tokenized deposit settlement.
OpenAI to provide AI models on Pentagon classified networks after federal halt on Anthropic
OpenAI reached an arrangement with the United States Department of Defense to run its models within the Pentagon’s “classified network,” announced by CEO Sam Altman in a late Friday post on X. Altman said the department demonstrated a strong focus on safety and a readiness to operate within the company’s boundaries.
The announcement followed a turbulent day for the AI sector. Earlier Friday, Defense Secretary Pete Hegseth designated Anthropic a “Supply-Chain Risk to National Security,” requiring defense contractors to certify they are not using the firm’s models. President Donald Trump also directed all U.S. federal agencies to immediately cease using Anthropic technology, allowing a six-month transition for agencies already dependent on its systems.
Source: Defense Secretary Pete Hegseth
Morgan Stanley files for OCC national trust bank charter to offer crypto custody
Morgan Stanley submitted an application for a de novo national trust bank charter, which would authorize the firm to hold digital assets for clients. A public filing with the Office of the Comptroller of the Currency shows the application was received on Feb. 18 under the name “Morgan Stanley Digital Trust, National Association.”
Additional details released Friday, as reported by Bloomberg and Forbes, indicate the subsidiary plans to custody certain digital assets and facilitate purchases, sales, swaps and transfers to support client investment activities, and will also offer crypto staking.
Source: Office of the Comptroller of the Currency
Barclays reviews blockchain platform for payments, deposits and stablecoins
Barclays is evaluating blockchain technology to support payments, deposits and stablecoin activity, reflecting increasing interest among major banks in digital-asset infrastructure. According to Bloomberg, the UK lender has approached technology providers about a platform capable of handling tokenized deposits and 24/7 settlement and may select a partner in the coming months. The effort signals a shift toward integrating blockchain into core banking systems rather than limiting it to trials.
The initiative comes as traditional financial institutions expand stablecoin and tokenization projects amid clearer regulation and rising institutional demand. If implemented, Barclays would join a growing list of global banks adopting blockchain-based payment solutions.
Source: Bloomberg
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