Goldman Sachs, Wells Fargo, and Morgan Stanley see tokenization as a potential growth opportunity.

PANews October 18 news, according to CoinDesk, Goldman Sachs, Wells Fargo, and Morgan Stanley all expressed positive attitudes toward tokenization during their third-quarter earnings calls. Goldman Sachs views tokenization as a way to expand its trading business. Wells Fargo said its tokenized deposit system can already enable cross-border payments with processing times of only two minutes or less. Morgan Stanley, meanwhile, hopes to create more demand for wealth management advisory services through tokenization, as investors now have a new way to transfer assets.