Frank Chaparro
Frank Chaparro|Aug 04, 2026 12:50
NEW: Wells Fargo is launching tokenized deposits for corporate and commercial clients this fall. The 4th largest US bank by assets will let clients transfer, program and settle funds around the clock using tokenized deposits, traditional funds represented as digital tokens on a blockchain. It's starting with USD and GBP for cross-border payments, with more currencies coming in 2027 based on demand. It'll run on a proprietary blockchain, giving Wells more control, but can still plug into the tokenized deposit network JPMorgan, Citi and other big banks are building together. The banks are all-in on tokenization.(Frank Chaparro)
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