Morgan Stanley's Bitcoin ETF launch signals a shift toward tokenized money market funds

Morgan Stanley's digital asset strategy is expanding to include tokenized asset classes beyond its recent Bitcoin ETF. The firm is reviewing tokenized money market funds (MMFs) as the next major step in its product roadmap. This follows the launch of the spot bitcoin ETF Morgan Stanley Bitcoin Trust (MSBT) on April Stanley Bitcoin Trust (MSBT) on April 8, which recorded $30.6 million in inflows on its first day of listing. Morgan Stanley is also reviewing the tokenisation of various asset classes beyond MMFs. The firm plans to start tokenised stock trading on its alternative trading system for shares and ETFs by the second half of 2026. The strategy expands to include tokenized asset classes beyond the bitcoin ETF.