MORGAN STANLEY TOKENIZES US EQUITIES AND TREASURYS WITH DTCC

Summary from the TLDR Crypto newsletter

Morgan Stanley tokenized US equities and Treasurys using DTCC's new service, which opened last week with 20 participants, including JPMorgan, Citi, Bank of America, Barclays, BNP Paribas, Fidelity, State Street, and UBS. DTC holds $114T in custody, and the service was built with input from 150+ firms, initially supporting Canton and a private Besu network. Morgan Stanley now expects tokenized equities on its ATS in Q1 2027, later than its prior H2 2026 target. NYSE/ICE are also building a tokenized trading platform, with Broadridge, Computershare, Equiniti, and Superstate signed as transfer agents.