In the present work, the localized features of adiabatic shear bands (ASBs) of our recently designed damage tolerance α+β dual-phase Ti alloy are investigated by the integration of electron backscattering diffraction and experimental and theoretical Schmid factor analysis. At the strain rate of 1.8 × 10⁴ s⁻¹ induced by a split Hopkinson pressure bar, the shear stress reaches a maximum of 1951 MPa with the shear strain of 1.27. It is found that the α+β dual-phase colony structures mediate the extensive plastic deformations along α/β phase boundaries, contributing to the formations of ASBs, microvoids, and cracks, and resulting in stable and unstable softening behaviors. Moreover, the dynamic recrystallization yields the dispersion of a great amount of fine α grains along the shearing paths and in the ASBs, promoting the softening and shear localization. On the contrary, low-angle grain boundaries present good resistance to the formation of cracks and the thermal softening, while the non-basal slipping dramatically contributes to the strain hardening, supporting the promising approaches to fabricate the advanced damage tolerance dual-phase Ti alloy.