Wells Fargo joins JPMorgan and Citi in the race to tokenize Wall Street’s settlement rails

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. Wells Fargo (WFC) will offer tokenized deposits for select corporate and commercial clients later this year, starting with enabling round-the-clock U.S. dollar-to-British pound transactions on its proprietary blockchain. The bank frames round-the-clock settlement, programmable […]