Wells Fargo files trademark application for WFUSD with the U.S. Patent and Trademark Office, involving crypto payments and asset tokenization

Gate News reports that on March 12, Wells Fargo, a major U.S. bank, filed a cryptocurrency-related trademark application with the United States Patent and Trademark Office for the name WFUSD. According to the application, WFUSD will provide cryptocurrency payment processing, digital asset trading execution, and asset tokenization software services. The name suggests it could be a deposit token or stablecoin. Previously, in 2019, Wells Fargo disclosed plans to pilot an internal settlement service called “Wells Fargo Digital Cash” on its proprietary distributed ledger platform.

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