MS · News · 20261104N

Tokenized Securities Pilot

MORGAN STANLEY · 2026-11-04 · Importance 31 · Surprise 42

Morgan Stanley is among the first banks using the Depository Trust & Clearing Corporation’s Tokenization Service to tokenize U.S. equities and Treasurys. Launched on October 28, the service represents securities held by DTCC as blockchain-based tokens while retaining existing ownership rights and investor protections. The service has 20 participating institutions and is intended to improve liquidity, collateral transfers, and capital efficiency. Morgan Stanley is preparing to support tokenized equities on its alternative trading system in Q1 2027.

Key facts

• Morgan Stanley is preparing to support tokenized equities on its alternative trading system in Q1 2027. source
• Morgan Stanley became one of the first banks to tokenize U.S. equities and Treasurys using DTCC's new tokenization service. source
• Morgan Stanley announced it is one of the first banks to use DTCC’s Tokenization Service, converting U.S. stocks and Treasuries into digital versions tradable on a blockchain. source