Goldman Sachs Explores Stablecoins, Tokenization, and Prediction Markets, CEO Solomon Says
During the question-and-answer session of Goldman Sachs’ fourth-quarter earnings call on Wednesday, CEO David Solomon announced that the investment bank is devoting significant resources to exploring stablecoins, , and prediction markets.
Solomon the bank has an enormous number of people on the firm extremely focused on these emerging technologies, with dedicated internal teams working directly with senior leadership to determine how these innovations could expand or enhance the bank’s operations.
Rather than rushing to be first to market, Solomon said Goldman is working deliberately to understand where digital market infrastructure could expand or accelerate the bank’s existing businesses.
Prediction Markets and Regulatory Considerations
Solomon revealed he personally met with leaders from two major prediction market companies in the last two weeks, spending a couple of hours with each to learn more about their operations.
The CEO emphasized that regulatory structure is central to the firm’s analysis, noting any engagement would be limited to markets overviewn by the
Solomon noted that CFTC-regulated prediction markets look like derivative contract activities, adding he can certainly view opportunities where these cross into the bank’s business.
Solomon confirmed the firm is in ongoing discussions with U.S. policymakers, particularly regarding the Crypto Market Structure Bill. The proposed legislation has become a point of significant contention between traditional banks and the cryptocurrency industry.
Recent draft versions of the structure have introduced provisions restricting how stablecoin issuers can offer yield, drawing pushback from industry leaders.
, stating this version would be materially worse than the current status quo and that the company would rather have no bill than a poor bill.
The Senate Banking Committee postponed its scheduled vote on the bill on January 15 following the industry pushback.
Long-Term Focus
Despite Goldman’s growing interest, Solomon cautioned that widespread adoption may take longer than some market observers expect, saying the pace of change might not be as quick and as immediate as some of the pundits are talking about.
However, he characterized tokenization and prediction markets as significant, real developments that deserve sustained attention.
The bank’s exploration comes as the tokenized real-world assets sector experienced robust growth in 2025, reaching figures in the range of $18–33 billion by year-end, while total stablecoin market capitalization reached approximately $306 billion by late 2025, reflecting nahead 50% growth over the year.
