Morning Edition · Wednesday, August 5, 2026Published at 1:44 AM EDT · New York
Wells Fargo Joins JPMorgan and Citi in Tokenizing Corporate Deposits
The bank will settle corporate payments continuously on its own private blockchain, routed through the client interface companies already use.
Wells Fargo will offer tokenized deposits for corporate payments that settle at any hour, running on the bank's proprietary blockchain and routed automatically through its existing client interface. It joins JPMorgan and Citi, which built c…
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Bank Ledgers Compete With Public Settlement Rails
Large banks keep building permissioned tokenized-deposit networks to defend corporate settlement flows from public-chain stablecoins, producing two parallel settlement systems that compete on cost and reach rather than converging.
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