- Wells Fargo is set to launch tokenized deposits for corporate clients, aiming for faster payments and transfers via blockchain technology.
- HSBC reported a significant increase in quarterly profit, with plans for a $1 billion share buyback, while other financial news includes issues with Bilt card collections and a lawsuit against Revolut's co-founder.
- The financial services roundup also covers Visa's acquisition of BioCatch, Intercontinental Exchange's deal for MarketAxess, and expansion of prediction markets to gold and silver by Kalshi.
Topics: Banks bankingsystems, Blockchain usage, Institutional adoption, 28 custody asset servicing, 6 ethereum evm l 1 s, 7 asset manager initiatives
Tags: #wellsfargo #tokenizeddeposits #corporateclients #blockchain #hsbc #quarterlyprofit #biltcard #collectionsnotices #revolut #nikstoronsky