Wire · operational-macro
Goldman, Wells Fargo, Morgan Stanley Call Tokenization a Growth Play
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Fusion42 · 18 October 2026 · Fusion42 review
Goldman Sachs, Wells Fargo, and Morgan Stanley see tokenization as a growth opportunity to expand products and clients rather than replace existing trading revenue, with Wells Fargo actively running tokenized cross-border payments and Goldman involved in tokenized asset platforms and DTCC testing.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You are facing a shift where big banks back tokenization to widen their service reach, making tokenized payments and assets a new customer gateway rather than a threat. Watch Wells Fargo's cross-border rollout and Goldman's DTCC tests as early openings for fintech partnerships and innovations.
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1 source · 18 Oct 2026
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