Morgan Stanley has revised the timeline for supporting tokenized stocks on its alternative trading system (ATS) to the first quarter of 2027, pushing back from the previously announced second half of 2026 target. Amy Oldenburg, Head of Digital Asset Strategy at the bank, confirmed the updated schedule while noting that teams remain actively engaged in the build-out process. Oldenburg stated that the Q1 2027 timeframe is more realistic as it aligns with broader ecosystem development activity. The adjustment reflects the pace of infrastructure maturation across the digital asset landscape rather than internal delays, with Morgan Stanley continuing to advance its tokenization capabilities for institutional clients.