The global banking cartel have been humming around the edges of crypto for quite a while now.
And about the only thing they are not doing is embracing BTC or XRP etc.
They seem to want to go it alone, and this new release seems to reinforce this stance.
The bigger question is can they survive in the crypto market.
Is their product as robust & weathered as BTC ETH XRP and other longer established implementations?
At some point the merging of 'their' coins and the rest of the well established crypto market must be on the horizon.
Unless 'they' want to start claiming that 'their' coins are the only ones with monetary value and they have the only exchanges.
The fact that they are using blockchain to replace other systems, perhaps like XRP replacing SWIFT, indicates the genie seems to be out of the bottle. At last.
Time will tell
https://www.coindesk.com/goldman-morgan-stanley-go-live-with-cls-ibm-powered-blockchain