Morgan Stanley Uses DTCC Platform for Tokenized Stocks and Treasuries

Morgan Stanley has begun tokenizing U.S. equities and Treasuries through DTCC's Tokenization Service, according to Crypto Economy, Decrypt and Crypto.news. The service produces tokenized representations of securities held at DTCC's depository subsidiary, bringing digital asset infrastructure into a workflow involving conventional financial instruments. Decrypt reports that 20 Wall Street firms have signed up to use the newly launched service. Crypto.news similarly describes Morgan Stanley as joining 20 institutions, although its summary does not specify whether that count includes the bank alone or represents the platform's broader participant base. Crypto Economy characterizes Morgan Stanley as one of the first banks to use the infrastructure and says the bank's practical experience will inform its digital asset strategy. The service initially operates on Canton Network and a Besu-based network, Crypto Economy reports. That network detail is not repeated by Decrypt or Crypto.news, but it provides relevant context for Canton's role in institutional tokenization: the technology is being connected to an existing institutional financial workflow rather than presented solely as a crypto trading product. Crypto.news adds that Morgan Stanley is preparing for equity trading in 2027, a timeline not mentioned by the other two outlets. The available market data show Canton Coin at $0.099022, rising 3.93% over 24 hours but slipping 0.54% over seven days. Its reported market capitalization is $3.96 billion. These figures describe the Canton token's current market performance and should not be treated as a measure of the size or commercial value of DTCC's tokenization service. Across the broader crypto market, total capitalization stands at $2.76 trillion and the market is broadly higher. Bitcoin is up 3.52% over 24 hours, while the Fear & Greed index reads 34, placing sentiment in the Fear zone. The developments to watch include how many institutions put the DTCC service into production use, how activity develops across the Canton and Besu networks, and whether the reported 2027 equity-trading preparation advances as outlined by Crypto.news.