Wells Fargo Bank has filed a trademark application in the US for "WFUSD," entering the cryptocurrency trading, payment, and tokenization services arena

BlockBeats News, March 11th, Financial giant Wells Fargo, with $2.1 trillion in assets under management, has submitted a trademark application for “WFUSD” in the United States. The trademark application covers three international classes. Class 009 includes downloadable software for use in digital asset trading, payments, and wallet functionality. Class 036 covers cryptocurrency trading and exchange services, as well as financial information processing and electronic business related to digital assets. Class 042 includes software as a service for asset tokenization and on-chain transaction payment infrastructure, as well as data encryption and electronic storage services.