Major Banks Eye Growth Opportunities in Tokenization
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Goldman Sachs, Wells Fargo and Morgan Stanley view tokenization as a potential source of new business rather than a threat, according to CoinDesk.
Goldman Sachs, Wells Fargo and Morgan Stanley see tokenization as an opportunity to expand their businesses, CoinDesk reported, rather than a challenge to their role in finance.
As tokenization gains ground on Wall Street, major banks are looking at how it could open up trading opportunities and help payments move faster.
The banks also see a continuing role for advisers as tokenization develops, suggesting that established financial services could remain part of the market.
Source: CoinDesk
