Wells Fargo launches tokenized deposits for corporate clients
- —Wells Fargo launched tokenized deposits on its proprietary blockchain
- —Stablecoin venture with 20 banks targets H1 2027 launch
- —Initial support covers USD and GBP transactions
- —Settlement and transfers will run around the clock
Why it matters: A major US bank entering tokenized deposits intensifies competition with crypto firms for institutional settlement flows.
Source: TokenPost