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Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
The bank's post gives no amounts, tickers or blockchain, and the tokens it describes are DTC-issued mirrors of securities the depository already holds.
Dextape brief
Morgan Stanley said in an X post on Nov. 3 that it is using the DTCC Tokenization Service to convert U.S. equities and Treasuries into tokens, six days after launch. The bank described itself as one of the early institutions to turn real-world assets into tokens, but the post did not identify any securities, sums or the chain used, and it left unclear whether holdings belong to customers or the bank. Amy Oldenburg, its head of digital assets strategy, said the firm's direct experience with the service will shape its digital asset development. The Depository Trust Company, which launched the service on Oct. 28, backs each token one-to-one with securities in custody, and DTC stays the official record keeper. The service runs on the Canton Network and a DTCC-run Besu network.
Why it matters: It shows a major bank moving from signing up for a tokenization service to publicly naming itself a user, a concrete sign of traditional finance engaging with tokenized securities.
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