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Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
Headline from Unchained
Key points
- Morgan Stanley announced it is using the Depository Trust & Clearing Corporation tokenization service just six days following its official launch.
- The financial institution's update did not disclose specific transaction amounts, crypto tickers, or the underlying blockchain utilized.
- The tokens generated through this mechanism function as DTC-issued digital mirrors of traditional securities currently held by the depository.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
Sources
- UnchainedSix Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service · 2 hours agoRead on Unchained
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