Morgan Stanley delays tokenized stocks: What’s holding it back?

Morgan Stanley has pushed its expected timeline for supporting tokenized equities on its alternative trading system to the first quarter of 2027, moving beyond its earlier second-half 2026 target as the U.S. bank develops the infrastructure needed for blockchain-based securities trading. Morgan Stanley now targets early 2027 for tokenized equities, replacing its earlier late 2026 timetable. Amy Oldenburg said limited product availability and institutional demand continue affecting tokenized equity trading preparations. DTCC plans an October 2026 tokenization service launch after completing production transactions involving traditional securities.