Morgan Stanley said it has become one of the first banks to tokenize real-world assets after the launch of DTCC Tokenized Services, or DTS. The bank said it has already converted U.S. equities and U.S. Treasuries into tokenized form. DTS launched on Oct. 28 and is designed to create tokenized representations backed by securities held in custody by The Depository Trust Company, or DTC. According to the announcement cited by ChainCatcher, the service is intended to improve liquidity, collateral mobility and capital efficiency. The update places Morgan Stanley among the earliest banks using the newly launched DTCC infrastructure for tokenized representations of traditional financial assets.
Morgan Stanley said it has become one of the first banks to tokenize real-world assets following the launch of DTCC Tokenized Services, or DTS, and that it has already converted U.S. equities and U.S. Treasuries into tokenized form.
DTS launched on Oct. 28. The service can create tokenized representations backed by securities held in custody by The Depository Trust Company, or DTC, with the stated aim of improving liquidity, collateral mobility and capital efficiency.
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