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Morgan Stanley Plans Tokenized Stock Trading on Alternative Trading System by 2026

Morgan Stanley Plans Tokenized Stock Trading on Alternative Trading System by 2026

Morgan Stanley says its planned 2026 tokenized stock trading launch reflects years of market infrastructure modernization, while institutional crypto activity continues to build despite legacy system constraints.

Fact Check
The claim is directly supported by statements from Morgan Stanley's Head of Digital Assets Strategy, Amy Oldenburg, as reported by multiple reputable financial and crypto news outlets (CoinDesk, crypto.news, PANews) on March 24-25, 2026. The reports specify the venue (internal ATS), the asset types (tokenized stocks and ETFs), and the timeline (H2 2026).
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Summary

Morgan Stanley plans to support tokenized stock trading on an alternative trading system in the second half of 2026 as part of its broader digital asset strategy. Amy Oldenburg, the bank’s head of digital asset strategy, said Wall Street’s push into crypto reflects years of infrastructure modernization and that institutional crypto activity is steadily building even as legacy systems remain a constraint. The update adds executive commentary to the bank’s previously reported plan to enable trading in tokenized securities and reinforces the initiative’s connection to broader changes in financial market infrastructure.

Terms & Concepts
  • Tokenized stock: A digital representation of an equity share issued or traded using blockchain-related infrastructure.
  • Alternative trading system: A non-exchange trading venue that matches buyers and sellers under a separate regulatory framework.