Morgan Stanley becomes one of the first banks to adopt DTCC's tokenization service.

November 4 - Morgan Stanley announced in a statement that following the launch of the Depository Trust & Clearing Corporation (DTCC)'s tokenization service (DTS), the bank has become one of the first banks to tokenize real-world assets (RWA) through this service, having converted some US equities and US Treasuries into tokenized form.

DTS was launched on October 28 by the Depository Trust Company (DTC), a subsidiary of DTCC, and can generate corresponding tokens for securities custodied by DTC, aiming to improve asset liquidity, facilitate collateral transfer, and enhance capital efficiency.