Bank of America stories

Wells Fargo to Launch Tokenized Deposits for Corporate Clients as Major Banks Consolidate Blockchain Initiatives

Wells Fargo announced plans to launch blockchain-based tokenized deposits for corporate and commercial clients, enabling 24/7 fund transfers and settlements. The move comes as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo consolidate their separate blockchain deposit projects into a single shared network operated by The Clearing House.