Wells Fargo files 'WFUSD' trademark for crypto, payments, and tokenization

Wells Fargo, a financial services giant with approximately $2.1 trillion in assets, filed a trademark application for “WFUSD” on March 9 covering three international classes, including downloadable software for digital asset trading, payments and wallet functionality, cryptocurrency trading and exchange services, and software-as-a-service for asset tokenization and blockchain-based trading infrastructure. The “WFUSD” name resembles ticker symbols commonly used for stablecoins, and the filing explicitly references software for processing stablecoin transactions, though Wells Fargo has not publicly commented on the application. The trademark filing builds on Wells Fargo's prior crypto infrastructure investments, including $5 million in blockchain analytics firm Elliptic in February 2020 and participation in Talos's $105 million Series B round in May 2022 alongside Citigroup and BNY Mellon, which valued the crypto trading infrastructure firm at $1.25 billion.