Morgan Stanley plans to purchase Vinyl Equity, a digital transfer agent that maintains official shareholder records for companies listed on NYSE, Nasdaq and OTC Markets. The bank expects to close the deal in early 2027 and will incorporate Vinyl's capabilities into its employee equity platform, which serves 3,400 corporate clients and 6.7 million participants.
The acquisition brings transfer agency functions in-house and positions Morgan Stanley to offer tokenization services in the future. Analysts note the immediate goal is capturing companies before they go public, since firms rarely change transfer agents after listing. Vinyl Equity was founded in 2022 and backed by Jump Capital, Mitsubishi UFJ Innovation Partners and others.
Read the full story on BSC News: Morgan Stanley to Acquire Transfer Agent Vinyl Equity, Citing Future Tokenization Plans
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