Goldman Sachs, Wells Fargo and Morgan Stanley see tokenization as a growth opportunity, not a threat, targeting trading, cross-border payments and wealth advice. Their executives outlined the opportunities on earnings calls, according to CoinDesk, but none quantified potential revenue. Goldman said tokenization could expand products and distribution, though activity remains small; it is exploring wider use of a DTCC tokenization service. Wells Fargo is processing low-volume tokenized-deposit payments in two minutes or less and sees potential to expand cross-border business. Morgan Stanley said faster asset transfers could increase demand for wealth advice.