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Wall Street’s Plumbing Goes Onchain as Morgan Stanley Tokenizes Securities
What Decrypt reports, why it matters and what remains unconfirmed.
BusinessBy Decrypt Staff at Decrypt

The story in one view
- Reported by
- Decrypt
- Coverage lens
- Networks and technology
- Published
- Evidence status
- Single attributed publisher report
What Decrypt reports
Morgan Stanley says it has converted U.S. equities and Treasuries into tokenized form through the newly launched DTCC Tokenization Service, which 20 Wall Street firms have signed up to use.
The immediate significance
The report bears on the path from tokenisation plans to usable financial infrastructure. The practical significance depends on legal status, live issuance and measurable activity rather than the announcement alone.
What remains unknown
- The extract does not establish final legal status, live issuance or measurable user activity.
- No matched primary document independently supporting the central claim is linked to this page.
Related Articles And Podcast
Further reporting and analysis on this story.
Podcast13 min
DTCC Opens $30T Tokenization Service | Issuers Reject OKX Stock Tokens | Bithumb and Coinbase Face Data Breaches | Daily Crypto Roundup.
DTCC has switched on a regulated tokenization service covering selected securities with about $30 trillion in market value, while nearly half the…
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