🇺🇸MORGAN STANLEY JUST TOOK ANOTHER STEP TOWARD TOKENIZED FINANCE.
With $10.5T in client assets, the bank has started tokenizing US stocks and Treasurys through DTCC.
These tokens can move between wallets on-chain, much like crypto.
And it's not doing this alone.
20 firms have signed up, including:
Alpaca, Apex, Barclays, Bank of America, BNP Paribas, Citadel, Citi, Fidelity, J.P. Morgan, Morgan Stanley, State Street and UBS.
Traditional finance is slowly moving toward the infrastructure crypto has been building for years.
Here we go.
With $10.5T in client assets, the bank has started tokenizing US stocks and Treasurys through DTCC.
These tokens can move between wallets on-chain, much like crypto.
And it's not doing this alone.
20 firms have signed up, including:
Alpaca, Apex, Barclays, Bank of America, BNP Paribas, Citadel, Citi, Fidelity, J.P. Morgan, Morgan Stanley, State Street and UBS.
Traditional finance is slowly moving toward the infrastructure crypto has been building for years.
Here we go.
