Wall Street Giants Join the Battle! Wells Fargo Applies for "WFUSD" Trademark, Fully Deploying Cryptocurrency Trading and Stablecoin Payments

Wells Fargo, a financial services giant with assets totaling $2.1 trillion, has filed a trademark application with the United States Patent and Trademark Office (USPTO) for the name “WFUSD.” The application covers cryptocurrency trading, payments, and tokenization services, and mentions stablecoin software applications, indicating that this Wall Street bank is accelerating its entry into the digital asset market.
(Background: Wells Fargo plans to boost Bitcoin during tax season, expecting a $150 billion influx of tax refunds by the end of March)
(Additional context: Wall Street is competing for crypto talent! Wells Fargo is hiring a “tokenized deposits” manager, and JPMorgan and Goldman Sachs are also opening blockchain-related positions)

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• Covering trading, tokenization, and stablecoin services
• Long-term investment in crypto infrastructure
• Viewing digital assets as “a tool for portfolio diversification”

Wall Street’s push into digital assets continues to accelerate. According to the latest records from the USPTO, Wells Fargo & Company, a financial giant with approximately $2.1 trillion in assets, has submitted a trademark application for the term “WFUSD” in the United States.

The application was filed on March 9 and officially appeared on the USPTO website on Wednesday morning. Currently, the trademark status is listed as “live” and “pending,” with the USPTO noting that the application has met the minimum submission requirements but has not yet been assigned to an examining attorney for further review.

Covering Trading, Tokenization, and Stablecoin Services

This trademark application spans three international classes, demonstrating Wells Fargo’s ambitions in digital assets. Specifically:

• Class 009: Downloadable software for digital asset trading, payments, and wallet functions.
• Class 036: Cryptocurrency trading and exchange services.
• Class 042: Software as a service (SaaS) for asset tokenization, blockchain-based trading and payment infrastructure, as well as data encryption and electronic storage services.

Additionally, the filing explicitly mentions software for handling stablecoin transactions. As of now, Wells Fargo has not publicly commented on this trademark application.

Long-term Investment in Crypto Infrastructure

This isn’t Wells Fargo’s first foray into the crypto space but a continuation of its strategic investments in crypto infrastructure. As early as February 2020, Wells Fargo Strategic Capital invested $5 million in blockchain analytics firm Elliptic, alongside existing investors like SBI Holdings and Santander InnoVentures.

Later, in May 2022, the bank participated in a $105 million Series B funding round for the crypto trading infrastructure company Talos, alongside traditional financial giants like Citigroup and BNY Mellon. At that time, the funding valued Talos at $1.25 billion.

Viewing Digital Assets as “A Tool for Portfolio Diversification”

Wells Fargo’s actions align with its recent market outlook. In a report published by the Wells Fargo Investment Institute in March 2025, digital assets are explicitly described as “a viable investment asset.”

The report emphasizes that, due to the low correlation of digital assets with traditional asset classes over five- and ten-year periods, they are categorized as “real assets” within asset allocation frameworks. The bank further states that it views digital assets as “a potential tool for portfolio diversification.” Supported by solid core business fundamentals (Wells Fargo’s net income reached $5.36 billion in Q4 2025, up from $5.08 billion the previous year), this Wall Street giant is leveraging its substantial capital to break into the stablecoin and tokenization markets.