Morgan Stanley joins DTCC's tokenised US stocks service
Morgan Stanley is among 20 participants signed up at launch of a DTCC service for tokenised US stocks and Treasuries, according to The Defiant.
The facts
- Morgan Stanley is tokenising US stocks and Treasuries through DTCC, according to The Defiant.
- The bank was one of 20 participants signed up when the service launched.
- The service allows 24/7 token transfers.
- Transfers are only allowed between registered wallets on the same blockchain.
Case notes · Danny's take
Why it matters
Tokenisation stories usually come from crypto startups. This one runs through DTCC, the plumbing of US markets, with a big bank signed up on day one. Look at the limits too. Transfers only work between registered wallets on the same chain. That's not open DeFi. That's a closed system with a blockchain inside.
For builders
Registered wallets and same-chain transfers mean access is gated and compliance sits inside the rails. If you build wallets, identity or custody tooling, that is the gap institutions need filled. Cross-chain movement is not on offer here yet, so it is a gap to watch.
Not financial advice. Do your own investigation.
This story was summarised with AI from The Defiant's reporting and checked against our editorial policy. Danny's take reflects his views. Disclaimer.
Danny Walter
Founder of Moon Republic, Volt Terminal and Moon Republic Academy. Author of The Market Is a Crime Scene and After the Applause.