Banks Position Tokenization

Goldman Sachs, Wells Fargo and Morgan Stanley outline tokenization uses for payments, trading and wealth advice.

Wells Fargo Tokenized Payments

Wells Fargo has tokenized deposit payments in production at small volume with two-minute transfer times.

“the payments that we’re doing are getting from initiation to beneficiary account in two minutes or less”

Goldman Sachs Tokenization Benefits

Goldman Sachs' tokenization aims to increase products, client activity and distribution channels without revenue estimates.

“The developments are obviously creating more products, greater activity, potentially new clients, broader distribution channels”

Morgan Stanley's Advisory Focus

Morgan Stanley links faster asset movement to increased need for wealth advice services.

“The tokenized world means it’s faster and easier to move assets around and you will need advice”