Goldman Sachs, Wells Fargo, and Morgan Stanley view tokenization as a growth opportunity, but have not provided any revenue expectations

Goldman Sachs, Wells Fargo, and Morgan Stanley stated during their third quarter earnings conference call that they view tokenization as a business growth opportunity, but did not provide any revenue expectations. Gaosheng is researching expanding the use of DTCC tokenization services; Fuguo Bank has used tokenized deposits to process cross-border payments, with funds arriving in the receiving account within two minutes, and is exploring tokenized securities, RWA, and encrypted trading services for wealth management clients; Morgan Stanley stated that tokenization can accelerate and simplify asset transfers, but clients still require investment advice.