[Watcher Guru] JUST IN: $10 trillion Morgan Stanley becomes one of the first major banks t...

Morgan Stanley has begun tokenizing U.S. stocks and bonds on the blockchain, making the $10 trillion asset manager one of the first major banks to do so. The move places the Wall Street giant alongside a small group of institutions testing on-chain versions of traditional securities. It matters because tokenization could speed settlement, broaden access and cut intermediation costs across the $10 trillion-plus U.S. equity and bond markets. Watch for which blockchain Morgan Stanley uses, which specific securities are tokenized first, and whether rival banks follow with their own offerings.