Wells Fargo to launch tokenized deposits for corporate and commercial clients: WSJ
Via Jack Cohen/Unsplash
The strategy follows a March trademark filing for "WFUSD."
Wells Fargo & Company (WFC) price
Full chart and statsLoading chart…
- Last close
- $84
- Close-to-close change
- +1.2%
- Market cap
- $251.2B (shares as of 2026-10-19)
- P/E (trailing)
- 11.8 (EPS to 2026-09-30)
- Annual revenue
- $83.7B USD (FY ended 2025-12-31) 10-K
- Annual revenue growth
- +1.7% (FY ended 2025-12-31 vs FY ended 2024-12-31) 10-K
- Annual net income
- 21,338,000,000 USD (FY ended 2025-12-31, attributable to the company) 10-K
- Annual operating margin
- Unavailable
- Forward P/E
- Unavailable: no dated forecast source
Gloria daily close for session Oct 28, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.
Wells Fargo & Company and its peers
| Company | Price | Market cap | P/E (trailing) | Forward P/E | Annual revenue (USD) | Annual revenue growth | Annual net income (USD) | Operating margin |
|---|---|---|---|---|---|---|---|---|
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$84 | $251.2B | 11.8 | Unavailable | $83.7BFY ended 2025-12-31 · 10-K | +1.7%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 21,338,000,000FY ended 2025-12-31, attributable to the company · 10-K | Unavailable |
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$124 | $208.2B | 13.4 | Unavailable | $85.2BFY ended 2025-12-31 · 10-K | +5.6%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 14,306,000,000FY ended 2025-12-31, attributable to the company · 10-K | Unavailable |
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$51 | $355.6B | 11.7 | Unavailable | $113.1BFY ended 2025-12-31 · 10-K | +6.8%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 30,509,000,000FY ended 2025-12-31, attributable to the company · 10-K | Unavailable |
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$339 | $901.9B | 14.5 | Unavailable | $182.4BFY ended 2025-12-31 · 10-K | +2.8%FY ended 2025-12-31 vs 2024-12-31 · 10-K | 57,048,000,000FY ended 2025-12-31, attributable to the company · 10-K | Unavailable |
Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.
Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 28, 2026, 5:41 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.
Wells Fargo is set to roll out tokenized deposits for corporate and commercial clients this fall, joining a wave of major banks using blockchain technology to modernize payments and settlement services, the Wall Street Journal reported Tuesday.
The offering will initially support US dollar and British pound deposits for cross-border transactions, allowing customers to transfer, program and settle funds continuously through digital representations of traditional bank deposits. According to CFO Mike Santomassimo, the bank plans to broaden the service to additional currencies and markets in 2027 depending on customer demand.
The move follows similar tokenization efforts by major lenders including JPMorgan Chase and Citigroup. Wells Fargo said its platform will be compatible with the industry-backed tokenized deposit network expected to launch next year, as well as other private blockchain networks.
The development comes months after Wells Fargo sought to trademark “WFUSD,” fueling speculation that it is preparing a US dollar-backed stablecoin as major financial institutions continue expanding into digital assets.
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Its US Patent and Trademark Office filing spans blockchain platforms, software, digital payments, crypto trading, staking, wallets, tokenization, and smart contract services.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
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