diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9907b5bfa497..cab85e6a1d16 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -47,6 +47,7 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ### Improvements
 
+* (staking) [#20444](https://github.com/cosmos/cosmos-sdk/pull/20444) Disable tokenization of shares from redelegations.
 * (x/bank) [#18956](https://github.com/cosmos/cosmos-sdk/pull/18956) Introduced a new `DenomOwnersByQuery` query method for `DenomOwners`, which accepts the denom value as a query string parameter, resolving issues with denoms containing slashes.
 * (x/gov) [#18707](https://github.com/cosmos/cosmos-sdk/pull/18707) Improve genesis validation.
 * (x/auth/tx) [#18772](https://github.com/cosmos/cosmos-sdk/pull/18772) Remove misleading gas wanted from tx simulation failure log.
diff --git a/tests/integration/staking/keeper/msg_server_test.go b/tests/integration/staking/keeper/msg_server_test.go
index 10282d8f0f3e..1609ae0b7989 100644
--- a/tests/integration/staking/keeper/msg_server_test.go
+++ b/tests/integration/staking/keeper/msg_server_test.go
@@ -775,6 +775,105 @@ func TestTokenizeSharesAndRedeemTokens(t *testing.T) {
 	}
 }
 
+func TestRedelegationTokenization(t *testing.T) {
+	// Test that a delegator with ongoing redelegation cannot
+	// tokenize any shares until the redelegation is complete.
+	f := initFixture(t)
+
+	ctx := f.sdkCtx
+	var (
+		stakingKeeper = f.stakingKeeper
+		bankKeeper    = f.bankKeeper
+	)
+	msgServer := keeper.NewMsgServerImpl(stakingKeeper)
+	validators, err := stakingKeeper.GetAllValidators(ctx)
+	require.NoError(t, err)
+	validatorA := validators[0]
+	validatorAAddress := validatorA.GetOperator()
+	_, validatorBAddress := setupTestTokenizeAndRedeemConversion(t, *stakingKeeper, bankKeeper, ctx)
+
+	addrs := simtestutil.AddTestAddrs(bankKeeper, stakingKeeper, ctx, 2, stakingKeeper.TokensFromConsensusPower(ctx, 10000))
+	alice := addrs[0]
+
+	delegateAmount := sdk.TokensFromConsensusPower(10, sdk.DefaultPowerReduction)
+	bondedDenom, err := stakingKeeper.BondDenom(ctx)
+	require.NoError(t, err)
+	delegateCoin := sdk.NewCoin(bondedDenom, delegateAmount)
+
+	// Alice delegates to validatorA
+	_, err = msgServer.Delegate(sdk.WrapSDKContext(ctx), &types.MsgDelegate{
+		DelegatorAddress: alice.String(),
+		ValidatorAddress: validatorAAddress,
+		Amount:           delegateCoin,
+	})
+
+	// Alice redelegates to validatorB
+	redelegateAmount := sdk.TokensFromConsensusPower(5, sdk.DefaultPowerReduction)
+	redelegateCoin := sdk.NewCoin(bondedDenom, redelegateAmount)
+	_, err = msgServer.BeginRedelegate(sdk.WrapSDKContext(ctx), &types.MsgBeginRedelegate{
+		DelegatorAddress:    alice.String(),
+		ValidatorSrcAddress: validatorAAddress,
+		ValidatorDstAddress: validatorBAddress.String(),
+		Amount:              redelegateCoin,
+	})
+	require.NoError(t, err)
+
+	redelegation, err := stakingKeeper.GetRedelegations(ctx, alice, uint16(10))
+	require.NoError(t, err)
+	require.Len(t, redelegation, 1, "expect one redelegation")
+	require.Len(t, redelegation[0].Entries, 1, "expect one redelegation entry")
+
+	// Alice attempts to tokenize the redelegation, but this fails because the redelegation is ongoing
+	tokenizedAmount := sdk.TokensFromConsensusPower(5, sdk.DefaultPowerReduction)
+	tokenizedCoin := sdk.NewCoin(bondedDenom, tokenizedAmount)
+	_, err = msgServer.TokenizeShares(sdk.WrapSDKContext(ctx), &types.MsgTokenizeShares{
+		DelegatorAddress:    alice.String(),
+		ValidatorAddress:    validatorBAddress.String(),
+		Amount:              tokenizedCoin,
+		TokenizedShareOwner: alice.String(),
+	})
+	require.Error(t, err)
+	require.Equal(t, types.ErrRedelegationInProgress, err)
+
+	// Check that the redelegation is still present
+	redelegation, err = stakingKeeper.GetRedelegations(ctx, alice, uint16(10))
+	require.NoError(t, err)
+	require.Len(t, redelegation, 1, "expect one redelegation")
+	require.Len(t, redelegation[0].Entries, 1, "expect one redelegation entry")
+
+	// advance time until the redelegations should mature
+	// end block
+	f.stakingKeeper.EndBlocker(f.sdkCtx)
+	ctx = ctx.WithBlockHeight(ctx.BlockHeight() + 1)
+	// advance by 22 days
+	ctx = ctx.WithBlockTime(ctx.BlockTime().Add(22 * 24 * time.Hour))
+	// begin block
+	f.stakingKeeper.BeginBlocker(f.sdkCtx)
+	// end block
+	f.stakingKeeper.EndBlocker(f.sdkCtx)
+
+	// check that the redelegation is removed
+	redelegation, err = stakingKeeper.GetRedelegations(ctx, alice, uint16(10))
+	require.NoError(t, err)
+	require.Len(t, redelegation, 0, "expect no redelegations")
+
+	// Alice attempts to tokenize the redelegation again, and this time it should succeed
+	// because there is no ongoing redelegation
+	_, err = msgServer.TokenizeShares(sdk.WrapSDKContext(ctx), &types.MsgTokenizeShares{
+		DelegatorAddress:    alice.String(),
+		ValidatorAddress:    validatorBAddress.String(),
+		Amount:              tokenizedCoin,
+		TokenizedShareOwner: alice.String(),
+	})
+	require.NoError(t, err)
+
+	// Check that the tokenization was successful
+	shareRecord, err := stakingKeeper.GetTokenizeShareRecord(ctx, stakingKeeper.GetLastTokenizeShareRecordID(ctx))
+	require.NoError(t, err, "expect to find token share record")
+	require.Equal(t, alice.String(), shareRecord.Owner)
+	require.Equal(t, validatorBAddress.String(), shareRecord.Validator)
+}
+
 // Helper function to setup a delegator and validator for the Tokenize/Redeem conversion tests
 func setupTestTokenizeAndRedeemConversion(
 	t *testing.T,
diff --git a/x/staking/keeper/msg_server.go b/x/staking/keeper/msg_server.go
index d1c547c60fbf..99bc2dc47175 100644
--- a/x/staking/keeper/msg_server.go
+++ b/x/staking/keeper/msg_server.go
@@ -825,6 +825,15 @@ func (k msgServer) TokenizeShares(goCtx context.Context, msg *types.MsgTokenizeS
 		return nil, err
 	}
 
+	// Check that the delegator has no ongoing redelegations to the validator
+	found, err := k.HasReceivingRedelegation(ctx, delegatorAddress, valAddr)
+	if err != nil {
+		return nil, err
+	}
+	if found {
+		return nil, types.ErrRedelegationInProgress
+	}
+
 	// If this tokenization is NOT from a liquid staking provider,
 	//   confirm it does not exceed the global and validator liquid staking cap
 	// If the tokenization is from a liquid staking provider,
diff --git a/x/staking/simulation/operations.go b/x/staking/simulation/operations.go
index c17d6931d33c..8b23ee7bfe03 100644
--- a/x/staking/simulation/operations.go
+++ b/x/staking/simulation/operations.go
@@ -951,6 +951,15 @@ func SimulateMsgTokenizeShares(txGen client.TxConfig, ak types.AccountKeeper, bk
 			return simtypes.NoOpMsg(types.ModuleName, msgType, "tokenize shares disabled"), nil, nil
 		}
 
+		// Make sure that the delegator has no ongoing redelegations to the validator
+		found, err := k.HasReceivingRedelegation(ctx, delAddrBz, valAddr)
+		if err != nil {
+			return simtypes.NoOpMsg(types.ModuleName, msgType, "error checking receiving redelegation"), nil, err
+		}
+		if found {
+			return simtypes.NoOpMsg(types.ModuleName, msgType, "delegator has redelegations in progress"), nil, nil
+		}
+
 		// get random destination validator
 		totalBond := validator.TokensFromShares(delegation.GetShares()).TruncateInt()
 		if !totalBond.IsPositive() {
diff --git a/x/staking/types/errors.go b/x/staking/types/errors.go
index df69e07447f9..649aec33ecfe 100644
--- a/x/staking/types/errors.go
+++ b/x/staking/types/errors.go
@@ -67,4 +67,5 @@ var (
 	ErrValidatorLiquidSharesUnderflow           = errors.Register(ModuleName, 117, "validator liquid shares underflow")
 	ErrTotalLiquidStakedUnderflow               = errors.Register(ModuleName, 118, "total liquid staked underflow")
 	ErrTinyRedemptionAmount                     = errors.Register(ModuleName, 119, "too few tokens to redeem (truncates to zero tokens)")
+	ErrRedelegationInProgress                   = errors.Register(ModuleName, 120, "delegator is not allowed to tokenize shares from validator with a redelegation in progress")
 )