U.S. Bank To Launch Digital Assets Unit For Tokenized Payments

U.S. Bank, the fifth-largest commercial bank in the United States, announced the creation of a new Digital Assets and Money Movement organization to expand its role in blockchain-based financial services.

The division will focus on stablecoin issuance, crypto custody, tokenized assets, and digital money movement, aligning with growing institutional demand for regulated digital infrastructure.

U.S. Bank will use its experience in real-time payments and digital wallets to build compliant digital money solutions, but, there is no official release date on radar.

Jamie Walker, a 20-year payments veteran and current CEO of Elavon, will lead the new division while continuing to oversee Merchant Payment Services until a successor is appointed.

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