Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails
Payments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface.
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Summary
- Wells Fargo will launch tokenized deposits this fall, starting with a limited dollar-to-pound exchange for select corporate clients.
- Payments will run on the bank’s proprietary blockchain and be routed automatically through its existing client interface.
- Round-the-clock settlement and programmable payments are among the capabilities the bank describes as arriving “when fully deployed.” Wells Fargo plans to expand to more clients, countries and currencies in 2027.
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Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
Why it matters:
Binance remains crypto’s leading exchange, expanding from spot and derivatives into RWAs, payments, savings, yield, and broader financial services.
