Morgan Stanley Launches Internal Digital Asset Lab for DeFi and Tokenization Testing

Morgan Stanley has established an internal Digital Asset Lab to test stablecoins, tokenized assets, and DeFi applications. The lab operates in a ring-fenced environment separate from the bank's core systems to evaluate CBDCs, tokenized money market funds, and DeFi vault technologies. According to reports from September 29, 2026, the initiative focuses on institutional infrastructure and does not involve client funds or permissionless DeFi trading at this stage.