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Wall Street Banks Discuss Tokenization
Goldman Sachs, Wells Fargo, and Morgan Stanley discussed the potential of tokenization, the process of bringing financial and real-world assets onto a blockchain. Goldman Sachs CEO David Solomon emphasized that tokenization could lead to new products, greater activity, and potentially new clients, similar to how electronic stock trading grew in the past. The banks have been investing in digital asset infrastructure, including building their own platform for tokenized assets, and have worked on tokenizing bonds, money market funds, and real estate.