[Wells Fargo to Launch Tokenized Deposit Service for Corporate Clients This Fall, Supporting 24/7 Settlement] According to The Defiant, Wells Fargo will launch a tokenized deposit service for corporate clients this fall, initially supporting the USD to GBP corridor, with plans to expand by 2027. The service supports 24/7 settlement and programmable payments (automatic fund release upon meeting conditions). Deposits will remain as bank liabilities, retaining regulatory protections and deposit insurance eligibility. A co-founder of Cosmos Labs confirmed that the blockchain is based on Cosmos technology, calling it a validation of the network's interoperability and reliability.