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Goldman Sachs is taking a closer look at crypto-related technologies to see how they could fit into its core business.
Speaking during the firm’s fourth-quarter earnings call, CEO David Solomon said the review is focused on regulated prediction markets, stablecoins, and tokenization, which he views as increasingly important to the future of financial markets.
Key Data Points
- Goldman Sachs increased internal research on tokenization and stablecoins, CEO David Solomon said during a Q4 earnings call.
- The firm is reviewing CFTC-regulated prediction markets for possible use in trading and advisory operations.
- Solomon met with two major prediction market companies in early 2026.
- Goldman Sachs is engaging with U.S. policymakers on the Digital Asset Market Clarity Act, Solomon confirmed.
- Internal crypto-focused teams are working directly with senior leadership.
Tokenization and Stablecoins as a Strategic Focus
At the center of Goldman’s review are tokenization and the broader application of blockchain-based assets. Solomon said a large group of employees is now focused on these areas, signaling a coordinated effort rather than isolated research.
To support this work, teams are reporting directly to senior leadership. Their mandate is to assess whether tokenized assets and stablecoins can complement existing services or improve operational efficiency over time.
Prediction Markets Move Up the Agenda
Alongside tokenization, prediction markets have gained prominence on the firm’s agenda. Solomon said he personally met with two leading prediction market companies during the first weeks of 2026.
These discussions aimed to understand how such platforms function and how they are regulated. Following those meetings, internal teams continued discussions to explore potential applications relevant to Goldman’s trading and advisory businesses.
Solomon emphasized that regulatory structure is central to the firm’s analysis, noting that any engagement would be limited to markets overseen by the U.S. Commodity Futures Trading Commission.
Within that regulatory framework, he said the firm sees possible intersections with existing activities, though he stressed that the work remains exploratory and no decisions have been made.
Engagement Extends to Policymakers
As internal reviews continue, Goldman is also active on the policy front. Solomon said he recently traveled to Washington to speak with lawmakers about issues tied to the Digital Asset Market Clarity Act.
The bill has stalled amid disagreements between traditional banks and crypto firms, including disputes over stablecoin products. These delays have added uncertainty to the pace at which regulated adoption can progress.
Measured Expectations for Adoption
Despite the expanded focus, Solomon cautioned against expectations of rapid transformation. He said adoption of these technologies is likely to progress more slowly than some market participants anticipate.
Nevertheless, he characterized tokenization and regulated prediction markets as durable trends. Goldman Sachs, he said, will continue to dedicate time and resources to understanding its long-term role in financial markets.