Goldman Sachs CEO David Solomon said the firm is devoting significant resources to tokenization, stablecoins, and prediction markets as it evaluates how emerging market structure innovations could intersect with its core businesses.
Speaking during a Q&A session on the bank’s fourth-quarter earnings call on Thursday, Solomon said Goldman does not need to lead every new technology trend but wants to be positioned to deploy them where they can expand or enhance existing operations.
Solomon said large internal teams are working closely with senior leadership to determine where the bank should “test and play” with tokenization and stablecoin technology.
He also referenced ongoing discussions in Washington around market structure legislation, noting that regulatory developments remain central to how Goldman frames its approach.
Stablecoins and prediction markets under review
The comments come as Goldman and other major banks previously disclosed that they are jointly exploring a bank-backed digital money initiative tied to regulated stablecoin-like structures. Solomon did not reference a specific product on the call, but reiterated that stablecoins and tokenization are areas of sustained focus.
On prediction markets, Solomon said he recently met with two large platforms and spent several hours learning about their operations. He added that Goldman has specific teams studying the sector, particularly products regulated by the Commodity Futures Trading Commission, which he said resemble derivatives-style contract activity. Solomon said he can see scenarios where such markets overlap with Goldman’s businesses, depending on how regulatory frameworks develop.
Despite the interest, Solomon emphasized that both tokenization and prediction markets are still early. He cautioned that the pace of adoption may be slower than some public commentary suggests, even as the long-term importance of the technologies remains clear.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.