U.S. investment banking giant Morgan Stanley has established a 'Digital Asset Lab' to explore technologies related to stablecoins, tokenization, and decentralized finance. Bloomberg reported on September 29 that this initiative is part of the bank's efforts to investigate how blockchain technology can be applied to its operations.
The lab is part of a series of technology testing hubs that the bank has traditionally operated, serving as a dedicated site where employees can experiment with new technologies without posing risks to the bank's core systems. Within the bank, it is involved in market innovation...