World · Institutional · Global ·
Wells Fargo joins JPMorgan and Citi in tokenizing settlement rails on proprietary blockchain
Wells Fargo announced it will offer tokenized deposits for 24-7 corporate payments running on its proprietary blockchain, with automatic routing through existing client systems. The move follows similar tokenization efforts by JPMorgan and Citigroup.
Why it matters for the crypto market
A third major U.S. bank adding blockchain-based settlement infrastructure signals mainstream financial institutions are moving past pilots to production systems for tokenized corporate payments.
Source: CoinDesk
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