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Morgan Stanley establishes digital asset lab to test stablecoins, tokenization and DeFi applications

PANews September 29 reported, citing Bloomberg, that Morgan Stanley has established a digital asset lab to test stablecoins, asset tokenization and decentralized finance (DeFi) applications in a secure, segregated compliance environment, exploring the uses of blockchain technology in the bank’s business. Amy Oldenburg, head of Morgan Stanley’s digital assets team, said the lab will also study tokenized deposits, central bank digital currencies, tokenized money market funds and DeFi treasuries. The lab is part of Morgan Stanley’s existing innovation lab system, which tests up to approximately 270 projects annually. Oldenburg said that DeFi treasuries remain at an early stage, and the bank must first understand how the technology operates to avoid risks to existing platforms.

Source: https://www.panewslab.com/zh/articles/01a0ecde-4872-73bc-9ba4-b645e7ca26c9