1 day ago
US banking elephantine Wells Fargo has filed a trademark exertion covering a wide scope of cryptocurrency trading, payments and blockchain bundle services.
A filing submitted to the US Patent and Trademark Office (USPTO) connected Tuesday seeks extortion for the sanction “WFUSD.” The exertion is presently awaiting duty to an examining attorney, according to authoritative trademark records.
The filing outlines a wide database of imaginable products and services linked to integer assets, including “cryptocurrency trading services; cryptocurrency speech services; cryptocurrency outgo processing; fiscal brokerage services for cryptocurrency trading; physics transportation of virtual currencies.”
The trademark besides covers bundle tools designed for blockchain ecosystems. The exertion lists downloadable bundle for staking integer assets, accessing non-fungible tokens (NFTs), managing crypto wallets and executing integer plus trades.
Related: Western Union’s ‘WUUSD’ trademark hints astatine crypto offerings
Wells Fargo filing includes staking and tokenization
Other services mentioned successful the filing see cryptocurrency outgo processing, physics transfers of virtual currencies and fiscal information feeds providing terms accusation to blockchain-based astute contracts.
In summation to trading infrastructure, Wells Fargo’s trademark exertion references software-as-a-service platforms for tokenizing assets, verifying blockchain transactions and enabling cryptocurrency staking operations. The filing besides includes authentication services and blockchain-based information transmission tools utilized successful decentralized applications.
While trademark filings bash not warrant a merchandise launch, companies often usage them to unafraid branding for imaginable aboriginal offerings.
Wells Fargo is simply a salient American multinational fiscal services institution and 1 of the “Big Four” US banks.
Related: South Korean slope stocks surge connected stablecoin trademark filings
Banks ramp up stablecoin push
The caller trademark filing comes aft respective large US banks, including JPMorgan, Bank of America, Citigroup and Wells Fargo itself, reportedly discussed a associated stablecoin project successful 2025.
Earlier this year, Fidelity Digital Assets also launched the Fidelity Digital Dollar (FIDD), a 1:1 US dollar-pegged, afloat collateralized stablecoin connected the Ethereum blockchain.
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