Regulation· ★★★· neutral·

Morgan Stanley Delays Tokenized Equities Rollout to Early 2027

  • —Timeline moved from late 2026 to January–March 2027
  • —Oldenburg cited limited tokenized products and weak client demand
  • —Bank is watching DTCC's tokenization service launch due late October
  • —Passage of the Clarity Act remains a regulatory unknown, she said
Why it matters: A major US bank delaying tokenized equities signals that institutional demand and regulatory clarity are maturing more slowly than expected.
Source: CoinDesk Japan