Morgan Stanley on the sate on the DLT and tokenized assets.

"Distributed Ledger Technology (DLT) is a different way of storing data – of which blockchain is the best known example. The technology has the potential to modernise various industries and asset classes either through re-purposing corporate databases or creating tradable digital assets...While the technology of distributed data storage has been around for some time, bullish crypto price action triggered a new wave of corporate experimentation with the technology," MS notes. 

"Tokenisation is the act of creating a digital representation of the asset on a database. We believe investors will increasingly be confronted by the opportunities and challenges that this process entails," MS adds.