Moody’s: U.S. Banks See “Slow Then Fast” Shift Toward Tokenized Assets and Digital Money

Moody’s Ratings says major U.S. banks and market intermediaries increasingly agree that tokenized assets and digital money will become unavoidable, though current usage remains confined to stablecoins, tokenized deposits, and tokenized money market funds. DTCC said on May 4, 2026 it will support limited production trades of tokenized securities in July 2026, with a full-service launch targeted for October 2026. The report also notes tokenized MMFs stand at about $10 billion outstanding, reflecting rising institutional demand for onchain liquidity and yield.