Goldman Sachs → tokenization can expand existing trading businesses. Wells Fargo → tokenized deposits can improve cross-border payments without building a global branch network. Citi Research → $5.5T in tokenized assets by 2030 is a projection, not proof of value accruing to token holders. TD Securities → issuer resistance and reliance on temporary SEC relief could limit which stocks can be tokenized. @NUVAFinance → tokenization only works if the token remains legally and operationally connected to the underlying asset as loans are repaid or collateral changes. The key distinction: banks can capture the revenue, platforms can capture the fees, but token holders still need enforceable asset claims, reliable records and liquidity to capture value.