Wells Fargo

American Banker — Payments IntelligenceU.S. banks / Citi / Wells FargoHigh impactIndependent report

American Banker's review of the 50 largest U.S. banks found that 24 had tokenized deposits on their radar in the first quarter, up from 19 a quarter earlier; seven were piloting or testing them and four had active products. The report says Wells Fargo plans to let corporate clients move U.S. dollars and British pounds through tokenized deposits for cross-border payments, with expansion to more clients, countries and currencies planned.

PYMNTSWells FargoHigh impactIndependent report

PYMNTS reports that Wells Fargo plans to offer tokenized commercial-bank deposits to selected corporate and commercial clients in fall 2026. The initial service is expected to support U.S. dollars and British pounds with 24/7 movement inside the bank's regulated deposit framework; the bank says it intends to add clients, countries and currencies in 2027.