"Sharon Yeshaya framed tokenization as the next logical step for the firm's multi-trillion-dollar wealth platform, pointing to faster asset mobility and more fluid financial operations. She described an onchain world where assets and liabilities can move with the same speed and flexibility, suggesting that traditional account-based systems may give way to blockchain rails."
"Yeshaya stated that the firm expects to offer new asset-side products while also developing lending mechanisms suited for onchain environments, expanding how clients interact with capital. Over the long term, we are moving towards thinking about ways and in this new world, you actually have value of advice."
Morgan Stanley's CFO Sharon Yeshaya highlighted tokenization as a pivotal development for the firm's wealth platform, which is valued at $9 trillion. The firm envisions a future where blockchain technology enhances asset mobility and financial operations. Yeshaya indicated that traditional account systems may be replaced by blockchain infrastructure, allowing for quicker asset and liability movement. This transition is not merely a crypto initiative but an extension of existing advisory services, aiming to innovate lending and liquidity products while improving client engagement through advanced AI tools.
Read at news.bitcoin.com
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