Why Morgan Stanley sees tokenized securities as a ‘natural path’ from H2 2026

ambcrypto2026-03-25 tarihinde yayınlandı2026-03-25 tarihinde güncellendi

Özet

Morgan Stanley plans to support tokenized securities trading in its Trajectory Cross dark pool starting H2 2026, viewing it as a natural evolution from its existing infrastructure for traditional equities, ETFs, and ADRs. The move is part of a broader institutional push into tokenization, with major exchanges like NYSE and Nasdaq also developing similar capabilities. Tokenized assets have demonstrated significant growth, surging 245% year-over-year, highlighting rapid adoption. As one of the largest wealth managers overseeing $8.2 trillion in assets, Morgan Stanley has been expanding its crypto offerings, including allowing advisors to recommend spot BTC and ETH ETFs to all clients. The bank has also applied for its own spot Bitcoin ETF, further cementing its commitment to digital assets.

The institutional race for tokenized securities is heating up. Traditional stock exchanges such as the New York Stock Exchange (NYSE) and Nasdaq are partnering with tech firms to build systems for tokenized securities.

Investment banks are also gearing up for the same. According to Morgan Stanley’s head of crypto, Amy Oldenburg, the global wealth management and investment bank will roll out support for tokenized securities in H2 2026.

On the sidelines of Blockworks’ Digital Asset Summit, Oldenburg said,

One of the things we’re planning for the second half of 2026 is turning our Trajectory Cross, our dark pool, to support tokenized securities later this year.

She added,

It already supports traditional equities, ETFs, and ADRs. So, it’s a natural path forward to open our infrastructure to support tokenized equities going forward.

Unpacking Morgan Stanley’s crypto and tokenization bet

Morgan Stanley is among the big four wirehouses, alongside Merrill Lynch (Bank of America), UBS, and Wells Fargo, that allow their wealthy clients to invest in crypto. Together, these firms oversee about $15–17 trillion in client assets, with Morgan Stanley leading at $8.2 trillion.

As a result, they were viewed as the key drivers of the ‘second-wave’ of Bitcoin ETF adoption. Interestingly, this roadmap is already playing out.

In late 2025, Morgan Stanley became the first wirehouse to allow advisors to actively pitch spot BTC and ETH ETFs to all wealth management clients, including those handling retirement accounts. This was an expansion of its earlier restricted crypto ETF access, which was limited to wealthy individuals in August 2024.

Still, spot crypto access was included in Morgan Stanley’s E·TRADE platform for trading stocks, bonds, ETFs, and more. Through its asset management unit, the wirehouse has applied for an in-house spot BTC ETF, and market watchers believe it could flip the demand from BlackRock’s IBIT. Now, it’s betting on the next hottest market narrative: tokenization.

As mentioned earlier, both Nasdaq and NYSE are setting the ground for tokenized securities trading. For tradFi players, tokenization improves operational efficiency and enables an expanded global market that trades 24/7.

The segment has already exploded to $1 billion in total value, with 45% growth in monthly transfer volume to $2.5 billion, underscoring the massive adoption in the sub-sector. In fact, in March, AI and tokenized assets were the top-performing sectors and most of the segments that saw significant adoption.

Highlighting the growing traction, Grayscale noted,

Growth in tokenization activity has remained robust. Tokenized assets reached new highs, up 245% year over year. Stablecoins grew 35%.

Final Summary

Morgan Stanley is now betting on tokenized securities, with likely trading support expected later this year.
Tokenized assets have seen one of the highest growth rates in the crypto market, with adoption rising 245% YoY.

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İlgili Sorular

QWhen does Morgan Stanley plan to roll out support for tokenized securities, and through which platform?

AMorgan Stanley plans to roll out support for tokenized securities in the second half of 2026 through its Trajectory Cross dark pool.

QWhat traditional assets does Morgan Stanley's Trajectory Cross currently support?

AIt currently supports traditional equities, ETFs, and ADRs.

QWhy is Morgan Stanley's move into tokenized securities considered a 'natural path'?

AIt is considered a 'natural path' because the bank is opening its existing infrastructure, which already handles traditional securities, to support tokenized equities.

QWhat was the year-over-year growth rate for tokenized assets as highlighted by Grayscale?

ATokenized assets grew by 245% year over year.

QWhich other major traditional stock exchanges are also building systems for tokenized securities?

AThe New York Stock Exchange (NYSE) and Nasdaq are also partnering with tech firms to build systems for tokenized securities.

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