Morgan Stanley specifies US stocks and government bonds as tokenization target

Morgan Stanley said it will tokenize U.S. equities and Treasuries through the Depository Trust & Clearing Corporation's securities tokenization service, becoming one of the first banks to tokenize real-world assets since the platform launched, though it did not disclose which securities or how much it will convert. Amy Oldenburg, the bank's head of digital asset strategy, framed the move as a way to integrate tokenized securities into existing market infrastructure and keep refining Morgan Stanley's digital-asset capabilities. The announcement, made on the company's official X account, signals that a major Wall Street bank is moving beyond crypto pilots into core cash-market instruments. It matters because DTCC sits at the center of U.S. clearing and settlement, so its tokenization rails could give tokenized stocks and government debt a path into mainstream market plumbing. What to watch next: the specific tickers and issue sizes Morgan Stanley converts, and whether other DTCC member banks follow with their own tokenized offerings.