Goldman Sachs is taking a closer look at how crypto-related technology can be integrated into its core business.
During the company’s fourth quarter earnings call, CEO David Solomon said the review focused on regulated prediction markets, stablecoins and tokenization, which he believes are increasingly important to the future of financial markets..
Key data points
- Goldman Sachs has ramped up its internal research into tokenization and stablecoins, CEO David Solomon said on a fourth-quarter earnings call.
- The company is considering the possibility of using CFTC-regulated prediction markets for trading and advisory services.
- In early 2026, Solomon met with two leading companies in the prediction market.
- Mr. Solomon confirmed that Goldman Sachs is working with U.S. policymakers on the Digital Asset Market Transparency Act.
- Our in-house crypto-focused team works directly with senior leadership.
Tokenization and stablecoins as a strategic focus
At the heart of Goldman’s review is the broader application of tokenization and blockchain-based assets. Solomon said large groups of employees are now focused on these areas, indicating a coordinated effort rather than isolated research.
To support this work, the team reports directly to senior leadership. Their mission is to assess whether tokenized assets and stablecoins can complement existing services or improve operational efficiency in the long term.
Prediction markets are on the agenda
Along with tokenization, prediction markets have been high on the company’s agenda. Solomon said he personally met with two leading companies in the prediction market in the first weeks of 2026.
These discussions were aimed at understanding how such platforms work and how they are regulated. Following these meetings, internal teams continued discussions to explore potential applications related to Goldman’s trading and advisory business.
Mr. Solomon emphasized that regulatory structure is central to the firm’s analysis, noting that any involvement would be limited to markets overseen by the U.S. Commodity Futures Trading Commission.
He said that within its regulatory framework, the company sees the possibility of intersecting with existing activities, but stressed that the work is still at an exploratory stage and no decisions have been made yet.
Involvement also extends to policy makers
As internal reviews progress, Goldman is also proactively working on policy issues. Solomon said he recently traveled to Washington to speak with lawmakers about issues related to the Digital Asset Market Transparency Act.
The bill has been stalled amid disagreements between traditional banks and crypto companies, including disputes over stablecoin products. These delays added uncertainty to the pace at which regulated implementation was progressing.
Measured expectations for implementation
Despite the expanded focus, Solomon cautioned against expectations of rapid change. He said the adoption of these technologies is likely to proceed more slowly than some market participants expect.
Nevertheless, he characterized tokenization and regulated prediction markets as enduring trends. He said Goldman Sachs will continue to devote time and resources to understanding its long-term role in financial markets.
