Wire · operational-macro
Morgan Stanley Delays Tokenized Stock Trading to Q1 2027
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Fusion42 · 5 November 2026 · Fusion42 review
Morgan Stanley has delayed the launch of tokenized stock trading on its Trajectory Cross platform from the second half of 2026 to Q1 2027, while continuing to be an early adopter of DTCC's Tokenization Service converting US equities and Treasuries into token form. The bank is also building proprietary wallet infrastructure and forecasts the tokenized asset market to grow to $3-10 trillion by 2030.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Morgan Stanley’s delay shows that institutional demand for tokenized stocks remains tepid, signalling you should temper launch expectations and prepare to wait before institutional token trading gains momentum. Wallet and custody startups can target support services now as firm adoption schedules stretch out.
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1 source · 4 Nov 2026
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