Goldman Sachs, Wells Fargo, Morgan Stanley view tokenization as growth opportunity, not threat

Goldman Sachs sees tokenization as a way to expand its trading business, with CEO David Solomon comparing its potential impact to the shift toward electronic stock trading nearly 50 years ago. Wells Fargo is already processing cross-border payments using tokenized deposits in two minutes or less. Morgan Stanley is exploring tokenization to create more demand for wealth management advice as investors gain new ways to move assets.