Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street.
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Summary
- Goldman Sachs sees tokenization as a way to expand its trading business.
- Wells Fargo says its tokenized deposit system is already processing cross-border payments in two minutes or less.
- Morgan Stanley is looking to tokenization to create more demand for wealth management advice as investors gain new ways to move assets.
