MS · News · 20261105N

Tokenized Securities Pilot

MORGAN STANLEY · 2026-11-05 · Importance 31 · Surprise 42

Morgan Stanley became one of the first banks to tokenize U.S. equities and Treasuries through the Depository Trust & Clearing Corporation’s Tokenization Service. The service launched October 28 and creates tokenized representations of securities held at the Depository Trust Company, with the stated aims of improving liquidity, collateral mobility and capital efficiency. Reporting also notes that tokenization may shift liquidity and funding demands to banks and corporate treasurers, while the CFTC has approved perpetual futures tied to individual stocks.

Key facts

• Morgan Stanley on Wednesday became one of the first banks to tokenize U.S. equities and Treasuries through DTCC's new tokenization service. source
• Morgan Stanley announced on X that it was among the first banks to tokenize real-world assets following the launch of the DTCC Tokenization Service, converting U.S. equities and Treasuries into tokenized form. source
• Morgan Stanley is among the banks utilizing new tokenization infrastructure for U.S. stocks. source