A Morgan Stanley executive said that with the rise of tokenization and 24/7 markets, the financial industry is shifting toward a world where markets never close, payments are settled in real time, and investors can access their funds at any time. Betsy Graseck, the bank’s head of global banking and diversified finance research, noted that tokenization is accelerating this transformation and believes that “banking hours” and “batch processing” will become a thing of the past.