Why is Wells Fargo launching tokenised deposits?

Wells Fargo plans to give selected businesses access to round-the-clock transfers, settlement and programmable payments.

What are Wells Fargo tokenised deposits?

Wells Fargo tokenised deposits represent customer funds as blockchain tokens while keeping the money within the banking system.

Wells Fargo plans to expand its tokenised deposit service to additional clients, countries and currencies throughout 2027.

Wells Fargo filed the “WFUSD” trademark in March, before confirming plans for its tokenised deposit service.

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Wells Fargo will initially support US dollar-to-British pound transactions for selected corporate and commercial clients.

Written by Isaac FrancisPublished Aug 5, 2026, 2:45 AM

Wells Fargo plans to launch tokenised deposits this fall for selected corporate and commercial clients.
The pilot will support US dollar-to-British pound transactions, with transfers and settlement available around the clock.
Wells Fargo plans to add more clients, countries and currencies throughout 2027.

Wells Fargo plans tokenised deposits this fall, starting with US dollar-to-British pound transactions for selected clients.

Unlike traditional transfers, the service will let participating clients move and settle funds outside normal banking hours.

“The program will roll out this fall with a limited U.S. dollar (USD) to British pound (GBP) exchange,” Wells Fargo said.

The service will run on Wells Fargo’s blockchain platform, which supports internal wallets for holding and moving tokenised deposits.

Wells Fargo said the programme will expand to more clients, countries and currencies during 2027, based partly on demand.

The bank joins JPMorgan and Citigroup in developing blockchain-based settlement services for institutional clients.

Wells Fargo filed a March trademark application for “WFUSD”, before announcing its tokenised deposit plans in August.