US banking big Wells Fargo has filed a trademark software protecting a variety of cryptocurrency buying and selling, funds and blockchain software program providers.
A submitting submitted to the US Patent and Trademark Workplace (USPTO) on Tuesday seeks safety for the title “WFUSD.” The applying is at the moment awaiting task to an inspecting legal professional, based on official trademark information.
The submitting outlines a broad listing of potential services and products linked to digital property, together with “cryptocurrency buying and selling providers; cryptocurrency alternate providers; cryptocurrency fee processing; monetary brokerage providers for cryptocurrency buying and selling; digital switch of digital currencies.”
The trademark additionally covers software program instruments designed for blockchain ecosystems. The applying lists downloadable software program for staking digital property, accessing non-fungible tokens (NFTs), managing crypto wallets and executing digital asset trades.
Associated: Western Union’s ‘WUUSD’ trademark hints at crypto choices
Wells Fargo submitting contains staking and tokenization
Different providers talked about within the submitting embody cryptocurrency fee processing, digital transfers of digital currencies and monetary knowledge feeds offering worth data to blockchain-based sensible contracts.
Along with buying and selling infrastructure, Wells Fargo’s trademark software references software-as-a-service platforms for tokenizing property, verifying blockchain transactions and enabling cryptocurrency staking operations. The submitting additionally contains authentication providers and blockchain-based knowledge transmission instruments utilized in decentralized functions.
Whereas trademark filings don’t assure a product launch, firms typically use them to safe branding for potential future choices.
Wells Fargo is a distinguished American multinational monetary providers firm and one of many “Massive 4” US banks.
Associated: South Korean financial institution shares surge on stablecoin trademark filings
Banks ramp up stablecoin push
The brand new trademark submitting comes after a number of main US banks, together with JPMorgan, Financial institution of America, Citigroup and Wells Fargo itself, reportedly mentioned a joint stablecoin undertaking in 2025.
Earlier this yr, Constancy Digital Belongings additionally launched the Constancy Digital Greenback (FIDD), a 1:1 US dollar-pegged, totally collateralized stablecoin on the Ethereum blockchain.
Journal: Bitcoin could take 7 years to improve to post-quantum — BIP-360 co-author
