# Wall Street’s Plumbing Goes Onchain as Morgan Stanley Tokenizes Securities

- URL: https://talkfuse.com/story/wall-streets-plumbing-goes-onchain-as-morgan-stanley-tokenizes-securities/
- Published: 2026-11-04T16:29:36+00:00
- Updated: 2026-11-05T07:51:05+00:00
- Original publisher: Decrypt
- Original article: https://decrypt.co/382513/wall-streets-plumbing-onchain-morgan-stanley-tokenizes-securities
- Topics: Crypto

## Key points

- Morgan Stanley is tokenising US stocks and Treasuries through DTCC.
- The tokens are designed to retain the original securities’ rights and protections.
- Twenty firms have signed up, as the market remains relatively young.

## Summary

Morgan Stanley has begun tokenising US equities and Treasuries through the DTCC Tokenization Service, linking blockchain-based assets to established US market infrastructure. The move matters because it brings a major Wall Street bank into a developing market for digital securities while aiming to preserve the protections and rights attached to conventional holdings.

The service lets eligible firms turn securities held at the Depository Trust Co. into digital tokens and convert them back, with assets deliverable to selected wallets. It launched on 28 October and currently uses the Canton Network and DTCC’s private Besu network; more blockchains are planned for 2027. Morgan Stanley is one of 20 participants, and the DTC holds more than $114 trillion in assets; an IMF report cited in the article says tokenised shares remain less liquid and more volatile than traditional ones.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.