Morgan Stanley says it is among the first banks to tokenize U.S. equities and Treasurys through DTCC’s Tokenization Service. The bank has not disclosed which securities or how much it tokenized, according to The Block’s report as summarized by BredoStrategy.

$MSNov 4, 2026, 09:44 UTC

DTCC’s service creates digital representations of securities held at DTC, retaining the same CUSIP and rights, with conversion back to traditional form and transfers among registered participants’ digital wallets. DTCC launched it on October 28; the stated uses include collateral, liquidity and capital efficiency. The report says 20 participants signed access agreements.

This is separate from Morgan Stanley’s planned support for tokenized equities on its alternative trading system in Q1 2027, which it had described as dependent on tokenized products becoming available. The Block’s October report

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The Block’s report as summarized by BredoStrategyt.me
The Block’s October reporttheblock.co

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The page www.theblock.co
The supplied headline says Morgan Stanley is among the first banks to tokenize U.S. equities and Treasurys through DTCC’s service. The details of its participation, timing, and how this fits the bank’s previously reported Q1 2027 ATS plan remain open.
The headline reports Morgan Stanley joining the first banks to tokenize U.S. equities and Treasurys through DTCC. The reported mechanics and timing, and whether the service changes its Q1 2027 ATS plan, still need details.
The reports say Morgan Stanley has tokenized U.S. equities and Treasurys through DTCC’s service; the assets and amount were not disclosed. The service represents securities held at DTC as digital twins with the same CUSIP and rights, convertible back and transferable among registered participants’ wallets.