Morgan Stanley told its financial advisors Wednesday in an internal memo that the bank is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter. Two of the funds on offer are from Galaxy Digital, the crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG. The bank is only allowing its wealthier clients access to the volatile asset: The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. Investment firms need at least $5 million at the bank to qualify for the new stakes.

Institutional adoption doesn’t just mean digital assets such as Bitcoin, Ethereum and others, but also infrastructure and the underlying piping that serves market participants. On that note, CoinDesk reported that Bitpanda, a digital investment platform, has closed a Series B funding round for $170 million, pushing the company’s valuation to $1.2 billion. In other corporate related news, trading platform eToro said Tuesday it will become publicly traded via a merger with a special purpose acquisition company (SPAC). Through a merger with FinTech Acquisition Corp. V, the combined entity will have a implied equity value of about $10.4 billion, reflecting an implied enterprise value for eToro of about $9.6 billion, eToro said.

Furthermore, Bank of New York Mellon Corp has invested in Fireblocks, a platform that allows banks and other financial institutes to store, move and issue cryptocurrencies, as the world’s largest custodian bank deepens its focus on digital assets. BNY Mellon’s investment was part of a $133 million funding round.