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Goldman Sachs CEO says tokenization will reshape financial markets
Goldman Sachs CEO David Solomon said tokenization is an important trend that could reshape financial markets. He discussed tokenized bonds, money‑market funds and real‑estate assets during the bank’s October 13 earnings call. Solomon noted that blockchain‑based activity remains small but could create new products, clients and revenue opportunities for the firm. He also mentioned Goldman’s participation in DTCC’s tokenization service and support for the CLARITY legislation. The bank reported $18.68 billion in quarterly net revenue, with equities revenue up 72% year‑over‑year.