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Tokenization was mentioned by Goldman Sachs, Wells Fargo and Morgan Stanley during their Q3 earnings calls. Wells Fargo stated that tokenized deposits are already being used to settle some crossborder payments in two minutes or less. Goldman Sachs CEO David Solomon compared tokenization to the industry's previous shift to electronic trading.
Jacquelyn Melinek reported these remarks, highlighting recent industry commentary on tokenization.
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Melinek has previously covered major payments firms moving toward blockchain-based solutions. She reported on Visa launching USDC global payouts and Mastercard’s fiat-stablecoin integration. In a separate piece, she previewed an interview with a Chainlink executive discussing real-world asset strategies for banks and asset managers. These prior developments show continued institutional engagement with digital asset infrastructure.