Wells Fargo is introducing tokenized deposits on its proprietary blockchain platform for commercial and corporate clients. Cross-border USD-to-GBP transactions are scheduled to launch this fall. The bank plans to expand to additional currencies and regions in 2027. This infrastructure will enable 24/7 settlement while remaining eligible for deposit insurance within the regulated banking framework. Wells Fargo is joining a shared tokenized deposit network coordinated by The Clearing House, where JPMorgan is already active through its Onyx platform.
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