MUFG MSS, the Japanese joint venture of MUFG Financial Group, plans to issue digital securities this year. MUFG MSS is currently focused on digital bonds. In the future, the company hopes to use Morgan Stanley's overseas network to sell Japanese digital bonds to foreign investors. MUFG also owns 49% of Progmat, one of the two major permissioned blockchain networks used in Japan to issue digital securities. Besides MUFG, Progmat's investors include Sumitomo Mitsui Bank and Mizuho Bank, as well as...
Tesla (TSLA. O) replaced Ford Motor (F. N) as Morgan Stanley's top pick for the auto industry.