Morgan Stanley Moves to Tokenize Securities on Blockchain
(3 hours ago) · 1 source · Summarized by CryptoBipto
Morgan Stanley has announced plans to tokenize securities, bringing traditional Wall Street financial infrastructure onto blockchain technology. The move represents one of the largest traditional financial institutions adopting blockchain-based systems for securities processing.
WHY IT MATTERS
Think of how buying and selling stocks works today: when you trade a stock, there is a complex chain of middlemen and paperwork behind the scenes to make sure the trade actually goes through and ownership is properly transferred.
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SOURCES
- decrypt.co
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