Morgan Stanley tokenizes US stocks and Treasurys via DTCC

Morgan Stanley has tokenized US equities and Treasurys through the DTCC's new Tokenization Service, marking a significant, albeit unglamorous, step in real-world asset tokenization by leveraging existing infrastructure. This move, which speeds up asset movement and pledging without altering ownership, contrasts sharply with new venues like OKX and ICE facing 80% issuer objections. Meanwhile, Schroders' actively managed emerging market bond fund on Solana raises critical questions about the liquidity mismatch between continuously trading tokens and illiquid underlying assets, a gap already evident in RWA protocols like Anemoy Capital and USD AI seeing 40-60% deposit drops. Key Highlights: • Morgan Stanley tokenized US equities and Treasurys via DTCC's new Tokenization Service, an upgrade focused on speed within existing infrastructure. • Schroders is launching an actively managed emerging market bond strategy on Solana through Centrifuge, highlighting the challenge of continuous token trading for illiquid assets. • The SEC's no-action letter for Canton Coin (CC) is a narrow statement on earned tokens for network work, not a binding ruling on its overall legal status or commodity classification. • New tokenization venues like OKX and ICE face significant resistance, with 80% of their initial stock selections opting out, demonstrating the importance of building within existing systems. Topics: Real-world assets, RWA, Tokenization, Morgan Stanley, DTCC, Schroders, Solana, SEC, Canton Coin, Liquidity mismatch, OKX, ICE --- Follow Ceres Quinn on Instagram: @ceresquinn Newsletter: https://cryptorwabrief.beehiiv.com