Wells Fargo to Offer Tokenized Deposits for Corporate and Commercial Clients
Wells Fargo plans to launch tokenized deposits for corporate and commercial clients, enabling 24/7/365 movement, programming, and settlement of funds. The solution will support conditional payments via Wells Fargo smart contracts and will carry the same regulatory protections and deposit insurance eligibility as existing deposit products. It starts this fall for select USD to GBP transactions, with broader rollout through 2027 and added currencies.