Morgan Stanley among first banks to tokenize US equities and Treasurys
The bank used DTCC's new tokenization service launched in late October, joining other major firms in digitising securities.
Key takeaways
- 1Morgan Stanley tokenised US equities and Treasurys via DTCC’s service
- 2DTCC’s tokenisation service launched on 28 Oct for 34 securities with 20 firms
Morgan Stanley said on 4 November it has become one of the first banks to tokenise US equities and Treasury securities on a blockchain.
The Block reported the conversion used the Depository Trust & Clearing Corporation’s Tokenization Service, a platform launched on 28 October for 34 securities with 20 institutional participants.
Morgan Stanley, a global investment bank with about $10 trillion in assets under management, has been expanding its digital‑finance initiatives. The DTCC service, introduced in late October, allows major institutions such as JPMorgan and Fidelity to issue blockchain‑based representations of securities, echoing similar projects like the London Metal Exchange’s plan to tokenise metal stocks.
The move signals growing institutional confidence in blockchain‑based settlement and could accelerate tokenisation of traditional assets. Market participants will watch for additional securities to be added to DTCC’s platform and for regulatory guidance on digital custody.
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