🏦 MORGAN STANLEY TOKENIZED U.S. STOCKS AND GOVERNMENT BONDS
The bank said it had become one of the first participants in a new DTCC service, effectively tokenizing U.S. stocks and Treasury securities. This is already a use of the infrastructure launched on October 28, not just a plan.
The tokens are backed by securities held in custody at DTC and preserve owners’ rights. The service is intended for eligible market participants; this does not mean that any investors can now freely trade these assets around the clock.
Sources: Morgan Stanley statement dated November 3, CoinDesk and crypto.news, November 4.
#Tokenization #RWA
The bank said it had become one of the first participants in a new DTCC service, effectively tokenizing U.S. stocks and Treasury securities. This is already a use of the infrastructure launched on October 28, not just a plan.
The tokens are backed by securities held in custody at DTC and preserve owners’ rights. The service is intended for eligible market participants; this does not mean that any investors can now freely trade these assets around the clock.
Sources: Morgan Stanley statement dated November 3, CoinDesk and crypto.news, November 4.
#Tokenization #RWA