Morgan Stanley now expects to support tokenized equities on its alternative trading system in Q1 2027, moving beyond its previous H2 2026 timeline. Digital asset strategy head Amy Oldenburg said the bank is still preparing the required infrastructure, while client demand remains limited because tokenized equity products are not yet widely available.
Why it matters
The delay shows that institutional tokenization still faces both infrastructure and distribution constraints. Even as financial institutions build support for tokenized securities, limited product availability is holding back client demand.
Market impact
Morgan Stanley's revised schedule pushes a major bank's tokenized-equity offering further into the future, extending the wait for broader institutional access. Oldenburg still expects the tokenized real-world asset market to reach $3 trillion to $10 trillion by 2030, leaving a large gap between the long-term opportunity and the current pace of deployment.
Frequently asked questions
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Why did Morgan Stanley move tokenized equity support to Q1 2027?
The bank is still preparing the required infrastructure for tokenized equities on its alternative trading system.
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What is limiting client demand for tokenized equities?
Client demand remains limited because tokenized equity products are not yet widely available.
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Where will Morgan Stanley support tokenized equities?
Morgan Stanley expects to support them on its alternative trading system.
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What was Morgan Stanley's previous timeline?
The bank previously expected to support tokenized equities in the second half of 2026.
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How large could the tokenized RWA market become by 2030?
Amy Oldenburg expects the tokenized real-world asset market to reach $3 trillion to $10 trillion by 2030.
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