Morgan Stanley Tokenizes US Stocks and Treasuries Through DTCC’s New Service

Morgan Stanley has begun tokenizing U.S. stocks and Treasuries through a new DTCC service that launched with 34 eligible securities, part of a pool of roughly $30 trillion in assets the depository says can be tokenized. The move marks the entry of a major Wall Street bank into blockchain-based representation of traditional assets via market infrastructure rather than a standalone crypto venue. The initial 34-security lineup is narrow relative to the $30 trillion addressable universe, so adoption will hinge on how quickly eligible assets and participating firms expand.