Morgan Stanley has pushed back the launch of tokenized stock trading on its alternative trading system to Q1 2027, from an initial target of H2 2026. Amy Oldenburg, the bank’s Head of Digital Asset Strategy, announced the delay, citing insufficient maturity of the broader financial ecosystem, particularly in custody and settlement infrastructure. Morgan Stanley’s ATS currently handles traditional equities, American Depository Receipts, and ETFs. The planned upgrade would enable the system to support selected tokenized versions of assets alongside conventional products. The bank has tied its new timeline to ecosystem progress in custody and settlement infrastructure.
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