New Web Product
Morgan Stanley Tokenizes Securities on Blockchain
Morgan Stanley has launched the DTCC Tokenization Service, a platform that converts U.S. equities and Treasuries into tokenized form. The service, which went live on October 28, is run by the Depository Trust Co., a subsidiary of the Depository Trust & Clearing Corp. The DTCC Tokenization Service allows eligible firms to convert securities held at DTC into tokenized 'digital twins' and back again, delivering them to digital wallets of their choice. The tokens maintain the same ownership rights, investor protections, and economic entitlements as the originals.