Morgan Stanley's CFO described an "onchain world" where assets and liabilities move as freely as data, and framed tokenization as core to its wealth business.

Morgan Stanley is one of the latest additions of institutions reshaping advisory, lending, and cash management across trillions in client assets through tokenization.

And tokenized Treasuries and yield-bearing stablecoins are the building blocks institutions are converging around.

https://www.coindesk.com/business/2026/04/15/why-morgan-stanley-s-cfo-thinks-tokenization-is-the-next-big-step-for-its-multi-trillion-wealth-business