Wells Fargo to Launch Tokenized Deposits for Corporate and Commercial Clients
Wells Fargo announced the launch of tokenized deposits, a blockchain-based product that allows corporate and commercial clients to move, program, and settle funds 24/7 within the regulated banking system. The rollout begins this fall for select clients handling USD to GBP transactions, with plans to expand to additional currencies and countries throughout 2027.
Key figures
- Assets
- $2.3 trillion
AI analysis
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