🇺🇸 Morgan Stanley has become one of the first major Wall Street banks to list U.S. equities and U.S. government bonds on the blockchain through DTCC’s new tokenization service. The stocks and bonds remain custodied as usual, but are now represented by tokens on the blockchain, enabling faster and more flexible settlement and payment. The system uses the Canton Network, a public blockchain that keeps transaction details private, developed by Digital Asset, alongside DTCC’s private Besu blockchain. JPMorgan, Bank of America, and Citigroup are also among the organizations participating in DTCC’s service.
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