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Banking giant Wells Fargo (WFC) readies deeper move into digital assets
Wells Fargo (WFC) has filed a trademark application for “WFUSD,” signaling an expanded push into digital assets and blockchain services, including cryptocurrency payment processing, digital asset trading, and software for asset tokenization. This move parallels JPMorgan’s earlier JPMD trademark, which led to a tokenized deposit on Ethereum layer-2 network Base, suggesting WFUSD could be a tokenized deposit or stablecoin. The filing reflects a growing trend among major U.S. banks exploring tokenized assets and stablecoins, building on Wells Fargo’s prior efforts like its internal settlement service, Wells Fargo Digital Cash.