Morgan Stanley CFO eyes tokenization as the next frontier for its $9.3T wealth platform

Morgan Stanley CFO Sharon Yeshaya laid out the bank's tokenization ambitions alongside record Q1 2026 earnings — wealth management revenue hit $8.52B (+16%) with $118.4B in net new assets. The firm plans to support tokenized securities on its Trajectory Cross dark pool in H2 2026, launch a proprietary digital wallet for tokenized assets, and roll out spot Bitcoin, Ethereum, and Solana trading on E*Trade via Zerohash. Yeshaya framed tokenization as a way to move client assets and liabilities more efficiently across the bank's multi-trillion wealth platform, aligning with industry forecasts of a $16T tokenized asset market by 2030.

TLDR by @Benthic

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