Goldman Sachs CEO Sees New Revenue Potential in Tokenization
Edited by Steinar Vigdel Kolnes, Editor, Oslo
David Solomon said tokenization could reshape financial markets and create business opportunities for traditional Wall Street firms.
Goldman Sachs CEO David Solomon views tokenization as a potential source of new business for established financial institutions, rather than solely a challenge to their existing operations, according to Bitcoin.com News.
Speaking during the bank’s Oct. 13 earnings call, Solomon discussed tokenized bonds, money market funds and real estate as areas where the technology could influence financial markets.
His remarks also covered participation in DTCC’s tokenization service and touched on decentralized finance, framing tokenization as an area of opportunity for Wall Street.
Source: Bitcoin.com News
