Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
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Morgan Stanley said it is using DTCC’s tokenization service six days after the offering launched, though its disclosure gave no amounts, tickers or blockchain. The tokens involved are DTC-issued mirrors of securities the depository already holds, rather than newly issued on-chain assets. The move matters because a top-tier bank is signaling uptake of DTCC’s tokenized-securities rails, even without public volume or value figures. What to watch next is whether Morgan Stanley discloses the scale of its use and which blockchain or chains the mirrored tokens settle on.
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DTCC, Morgan Stanley (MS), DTC
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