Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
By Unchained
AI summary of the source article
Morgan Stanley announced it is using the DTCC Tokenization Service to put U.S. equities and Treasuries into token form. Launched on Oct. 28, the service issues 1:1 backed digital twins of securities held in custody by DTC.
Why it matters
Amy Oldenburg stated, “The hands-on experience of integrating tokenized securities with established market infrastructure will inform the continued development of the firm’s digital asset capabilities as the market evolves.”
Key facts
- Morgan Stanley announced on Nov. 3 that it is using the DTCC Tokenization Service to tokenize U.S. equities and Treasuries.
- DTS was launched on Oct. 28 by DTCC subsidiary The Depository Trust Company and creates tokens backed 1:1 by custodied securities.
- Twenty DTC participants, including Morgan Stanley, Bank of America, Citi, and J.P. Morgan, signed agreements to use DTS at launch.
Source excerpt · Unchained
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. The post Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service appeared first on Unchained .