Goldman Sachs, Wells Fargo, and Morgan Stanley view tokenization as a growth opportunity rather than a threat, as revealed during their third-quarter earnings calls this week. Goldman Sachs CEO David Solomon highlighted potential for increased trading products, activity, and clients, comparing it to the growth of electronic stock trading. Wells Fargo is already processing cross-border payments using tokenized deposits, with CFO Michael Santomassimo seeing it as a way to expand internationally without a large branch network. Morgan Stanley CFO Sharon Yeshaya emphasized that while tokenization speeds up asset transfers, it reinforces the need for advisory services, presenting new opportunities for its wealth management and institutional securities businesses.