Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat

60-second summary

Goldman Sachs, Wells Fargo and Morgan Stanley view tokenization as a growth opportunity, not a competitive threat, and are accelerating development of token‑based trading platforms, faster settlement rails and advisory services. They cite potential to capture new revenue streams, improve liquidity and reduce settlement costs, signaling broader institutional adoption that could reshape Wall Street’s market infrastructure.