Morgan Stanley: Plans to support tokenized stock trading in alternative trading systems in the second half of 2026

Amy Oldenburg, the head of digital asset strategy at Morgan Stanley, stated that Wall Street's push into crypto is not driven by FOMO, but rather the result of years of internal work on modernizing financial infrastructure.

She pointed out that Morgan Stanley is expanding its digital asset strategy into areas such as trading, asset management, and infrastructure. Previously, the bank's related business mainly focused on providing high-net-worth clients with exposure to Bitcoin funds and offering spot Bitcoin ETFs on its E*Trade platform, while recently it has submitted an application to launch its own spot Bitcoin ETF.

Amy Oldenburg revealed that Morgan Stanley plans to support tokenized stock trading in its alternative trading system in the second half of 2026, a platform that currently handles stocks, ETFs, and American Depositary Receipts.

She also emphasized that upgrading decades-old core banking systems, enhancing system connectivity, and coordinating progress within the global financial network remain major challenges, despite the rising attention on tools like stablecoins and the ongoing accumulation of institutional crypto activities.