Morgan Stanley is among the first banks using DTCC’s new service to tokenize U.S. stocks and Treasuries. Wall Street’s post-trade backbone is putting real securities on blockchain rails—not launching another speculative token.

  • DTCC safeguards more than $114 trillion in assets, giving this rollout heavyweight market infrastructure.
  • Tokenized “digital twins” retain the originals’ ownership rights and investor protections, and can move to digital wallets.
  • 20 firms have signed on; the service launched Oct. 28, initially on Canton Network and DTCC’s private Besu network.

The alpha is infrastructure: tokenized collateral could move faster and reach new liquidity pools, but this is not a public-market trading launch. Watch for more chains, asset classes and participants; adoption at this scale makes RWA tokenization harder to ignore.