Exchanges· ★★★★· bullish·

Wells Fargo launches cross-border payments on tokenized deposits

  • —Wells Fargo says tokenized-deposit transfers reach the recipient in two minutes or less
  • —The service has passed testing and is live, though transaction volumes remain small
  • —The bank sees tokenized deposits as a way to win cross-border payment share without a large overseas branch network
  • —Goldman Sachs and Morgan Stanley flagged tokenization as a source of new products and clients
Why it matters: A major US bank has moved tokenized deposits from pilots into live payments, a signal of institutional demand for blockchain settlement.
Source: Koin Bülteni
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