Morgan Stanley joins first banks to tokenize real-world assets after DTCC service launch

Morgan Stanley says it is among the first banks to tokenize real-world assets, a step toward putting traditional financial instruments on blockchain rails. The move follows the Depository Trust & Clearing Corporation's launch of its Tokenization Service, or DTS, on Oct. 28. Traders would care because major-bank adoption of tokenization expands institutional blockchain infrastructure and could support demand for the networks and assets that settle these products.