Goldman Sachs CEO David Solomon: tokenization will expand financial market opportunities
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Goldman Sachs CEO David Solomon stated during the earnings call on October 13th that tokenization is becoming an important trend covering multiple asset classes, reducing costs, automating processes, and improving asset liquidity. Goldman Sachs has tokenized bonds, money market funds, and some of its clients' real estate, and provided blockchain financial asset infrastructure using the GS DAP platform. Goldman Sachs' net revenue for the third quarter was $18.68 billion, with stock business revenue increasing by 72% year-on-year to $6.4 billion. (Source: Bitcoin.com News)