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

Wells Fargo Joins JPMorgan, Citi In Race To Tokenize Wall Street - Wells Fargo (NYSE:WFC)

Wells Fargo rolls out tokenized deposits for corporate USD/GBP transfers this fall, joining JPMorgan and Citi with 24/7 settlement on blockchain. Banks race to keep deposits on regulated rails as stablecoins drain capital; tokenization becomes essential infrastructure to maintain control over institutional flows.