# Banks Plan Tokenization for Payments and Wealth Advice

> Goldman Sachs, Wells Fargo and Morgan Stanley outline tokenization uses for payments, trading and wealth advice.
- Title: Banks Plan Tokenization for Payments and Wealth Advice
- Summary: Goldman Sachs, Wells Fargo and Morgan Stanley outline tokenization uses for payments, trading and wealth advice. Three major banks describe tokenization…
- Keywords: goldman sachs, wells fargo, morgan stanley, tokenization, payments, wealth advice, dtcc, securities and exchange commission, crypto, finance, Banks, Plan
- Source: TokenPost — https://tokenpost.com/news/business/34144
- Published: 2026-10-17T18:16:45+00:00
- Read time: 1 min
- Topics: goldman sachs, wells fargo, morgan stanley, tokenization, payments, wealth advice, dtcc, securities and exchange commission, crypto, finance
## 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
## Key takeaway

Three major banks describe tokenization applications in payments, trading and wealth services without revenue estimates.