Morgan Stanley plans to introduce tokenized stock trading on its alternative trading system (ATS) in the second half of 2026, according to Amy Oldenburg, Head of Digital Assets Strategy. This move marks a significant expansion of the bank's digital assets strategy, which has traditionally focused on Bitcoin fund exposure and spot Bitcoin ETFs for high-net-worth clients. Oldenburg highlighted that the bank's foray into crypto is driven by a long-term strategy to modernize financial infrastructure, rather than fear of missing out. She noted that upgrading legacy banking systems and enhancing global financial network connectivity are ongoing challenges, even as institutional interest in crypto and stablecoins grows.