Wall Street’s Plumbing Goes Onchain as Morgan Stanley Tokenizes Securities

Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Long-term (1 quarter-1 year) Reasoning: Institutional tokenization validates the RWA narrative, but DTCC's service has no stated crypto impact.