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Wells Fargo plans tokenized deposits for corporate clients

The initiative is part of the bank's broader push to use blockchain for faster, more efficient payments and transfers.

Reported · Written up by our desk · M&A & Deals

Wells Fargo will roll out tokenized deposits aimed at corporate clients, according to WSJ Markets.

The bank said the effort is designed to speed up payments and transfers by applying blockchain technology to deposit-related transactions.

WSJ Markets frames the move as the latest example of major banks adopting blockchain tools to improve operational efficiency in customer payment flows.

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